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Sanlo Raises $3 5M in Funding

Sanlo, a San Francisco, CA-based company that empowers gaming and app companies with financial products to run their businesses, raised $3.5m in funding. The round was co-led by Index Ventures and Initial Capital, with participation from LVP, Portag3 Ventures and XYZ Venture Capital, and angel investors such as Kristian Segestrale, as well as fintech, such as Gokul Rajaram and Charley Ma. As part of the round, Initial Capital Co-founder and Partner Ken Lamb became a board director while Index Partner Mark Goldberg and XYZ Managing Partner Ross Fubini joined as board observers. The company will use funds to grow its team and continue building out its product suite in preparation for a wider launch later this year.

San franciscoUnited statesCharley maKristian segestraleRoss fubiniMark goldbergGokul rajaramWilliam liuOlya caliujnaiaIndex venturesInitial capitalInitial capital co founderPartner ken lambIndex partner mark goldbergPartner ross fubiniசான் பிரான்சிஸ்கோ

Payment Technology Platform Promise Completes Its Series A, Bringing Total Raise To Over $30 Million

Payment Technology Platform Promise Completes Its Series A, Bringing Total Raise To Over $30 Million The Black-Female Led Company Modernizes and Humanizes Government Payments News provided by Share this article Share this article OAKLAND, Calif., Feb. 18, 2021 /PRNewswire/ Payment technology platform, Promise, has announced over $20 Million in new Series A funding to bring antiquated government payment systems into the 21st century. The modern payment solution helps residents navigate government payments like utilities, child support, parking tickets, and more with dignity and ease by making customizable plans and digital payment options available. This round is led by Kapor Capital and XYZ, with additional funding coming from Bronze, First Round, Y Combinator, and more.

United statesDiana frappierRoss fubiniPhaedra ellis lamkinsTony parrottMitch kaporLouisville water companyKapor capitalFirst roundExecutive directorJefferson county metropolitan sewerPromise boardManaging partnerஒன்றுபட்டது மாநிலங்களில்டயானா ப்றப்பிேர்பாெதிறா நீள்வட்டம் லம்கின்ஸ்

Mosaic raises $18 5M Series A from GC to rebuild the CFO software stack – TechCrunch

Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack CFOs are the supposed omniscient owners of a company. While the CEO sets strategy, messages and builds culture, the CFO needs to know everything that it is going on in an organization. Where is revenue coming from, and when will it arrive? How much will new headcount cost, and when do those expenses need to be paid? How can cash flows be managed, and what debt products might help smooth out any discontinuities? As companies have migrated to the cloud, these questions have gotten harder to answer as other departments started avoiding the ERP as a centralized system-of-record. Worse, CFOs are expected to be more strategic than ever about finance, but can struggle to deliver important forecasts and projections given the lack of availability of key data. CMOs have gotten a whole new software stack to run marketing in the past decade, so why not CFOs?

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XYZ Venture Capital Launches $80M Fund II

San Francisco, CA-based venture capital firm Building on Fund I, which made early investments in companies now worth over $6 billion in aggregate value, XYZ’s new fund is dedicated to accelerating the growth and execution of early-stage companies. The fund will back talented founders in the firm’s core areas of focus, consisting of fintech infrastructure, enterprise collaboration and tech-forgotten industries like insurance and the public sector. Founded by Ross Fubini, Managing Partner, formerly of Kapor Capital, Canaan Partners and Village Global, XYZ is a venture firm that invests in early-stage founders to help them go faster. It aims to support entrepreneurs in building enduring companies in fintech, enterprise and tech-forgotten industries like insurance and the public sector. The firm primarily backs talented founders at the earliest stages of company building – people who have discovered a key insight and have an unfair advantage from “doing the work” or base

San franciscoUnited statesMariana mars garzaJeanclaude dorsainvilChristine hubbardRoss fubiniBuilding on fundChauncey hamiltonBusiness wireManaging partnerKapor capitalCanaan partnersVillage globalNewfront insuranceNova creditVery good

This VC introduced Palantir s first business hire to its earliest engineer, then his business took off

This VC introduced Palantir s first business hire to its earliest engineer, then his business took off
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