FinTech news in business software category

The fourth fund will continue to focus on early-stage investments in enterprise software and deep tech, such as open source software, machine learning, quantum computing startups, finance, education and healthcare. Founded by the teams behind the Acronis and Parallels software companies, Runa Capital has so far more than 100 early-stage investments in Europe and North America. The first investments of the new fund include Barcelona-based embedded finance provider Hubuc and Paris-based open source enterprise software developer OpenReplay. Technology entrepreneur Serguei Beloussov (who has since taken the name Serg Bell and Singaporean citizenship) co-founded Runa after starting Acronis, and has since gone on to also establish the Acronis Cyber Foundation, which has partnered with UNICEF, built schools and educated migrants to Switzerland.

Unlike Stripe, Klarna’s valuation was cut by its investors – which include Sequoia, Silver Lake, Commonwealth Bank of Australia, the UAE’s sovereign fund Mubadala Investment Company and Canada Pension Plan Investment Board (CPP Investments). The Journal reports that the valuation cut comes from a 409a price change, which means that Stripe hasn’t decreased the value of preferred shares sold in the last round.

Routefusion cofounders Colton Seal and Richard Scappaticci attempted to launch a neobank in 2016, but they ran into significant hurdles when trying to integrate with banks to help their customers move money to other countries.