Total amount raised
€387 Million
Latest funding date
12/1/2021
Location
Mambu has successfully raised funding over seven rounds, with the latest being a Series E round led by EQT. The platform offers a cloud-native core banking solution designed to build modern financial experiences.
With a diverse range of financial services, including lending, deposits, and payments engines, Mambu continues to attract significant investor interest. Keep reading to explore the intricacies of Mambu's fundraising journey and the investors backing this innovative platform.
What Is Mambu?
Mambu, headquartered in Amsterdam, Noord-Holland, The Netherlands, is a leading SaaS cloud core banking platform. The company operates in the banking, financial services, fintech, lending, SaaS, and software industries.
Founded to enable modern financial experiences, Mambu employs between 501 and 1000 people. The platform offers a composable approach to core banking, supporting services such as lending, deposits, and payments.
How Much Funding Has Mambu Raised?
- Seed Round
- Amount Raised: $600,000
- Date: January 2011
- Lead Investors: KIZOO Technology Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Mambu's core banking platform.
- Series A Round
- Amount Raised: $1,400,000
- Date: December 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series A Round
- Amount Raised: $2,000,000
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Series B Round
- Amount Raised: $8,000,000
- Date: January 2016
- Lead Investors: Acton Capital, CommerzVentures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand into new markets.
- Series C Round
- Amount Raised: $30,000,000
- Date: February 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and innovation in the core banking platform.
- Series D Round
- Amount Raised: $135,000,000
- Date: January 2021
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Mambu's growth and expansion into new markets.
- Series E Round
- Amount Raised: $266,000,000
- Date: December 2021
- Lead Investors: EQT
- Valuation at Round: $5.5 billion
- Motivation Behind the Round: To accelerate platform innovation, expand global footprint, and enhance customer success services.
Total Amount Raised: $443,000,000. Current Valuation: $5.5 billion.
Key Investors
- EQT
- Details: EQT is a global investment organization with a strong focus on responsible investing. They have a Nordic heritage and emphasize sustainability, diversity, and inclusion.
- Investment Focus Areas: Private equity, infrastructure, real estate.
- Notable Investments: AutoStore, Epidemic Sound, IFS.
- TCV
- Details: TCV is a leading provider of growth capital to technology companies. They have a history of investing in high-growth tech firms.
- Investment Focus Areas: Internet, software, fintech, enterprise IT.
- Notable Investments: Airbnb, Facebook, Netflix.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Enterprise, consumer, healthcare.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Acton Capital
- Details: Acton Capital is a growth-stage venture capital firm. They focus on internet and mobile-based business models.
- Investment Focus Areas: Digital marketplaces, e-commerce, financial technology.
- Notable Investments: Etsy, HomeToGo, Lilium.
- CommerzVentures
- Details: CommerzVentures is the venture capital arm of Commerzbank. They specialize in fintech and insurtech investments.
- Investment Focus Areas: Fintech, insurtech.
- Notable Investments: Marqeta, eToro, Mambu.
What's Next for Mambu?
Mambu's future is brimming with opportunities, driven by the expansion of its next-generation platform and global footprint. The company aims to roll out new functionalities and technical capabilities, focusing on twelve key markets. With the banking and securities enterprise software market valued at over $113 billion, Mambu's potential for growth is substantial.
Future fundraising opportunities are likely, given the ambitious plans for innovation and expansion. The company may seek additional funding to support these goals, leveraging its strong market position and significant valuation. However, challenges such as maintaining rapid growth, scaling operations globally, and staying ahead of competitors will require careful navigation.
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