Commerzbank's corporate venturing unit has returned for a $33.8m round that was led by Bessemer Venture Partners and backed by several existing investors.
CommerzVentures, the corporate venture capital arm of financial services firm Commerzbank, took part in a €30m ($33.8m) funding round for Germany-based banking technology developer Mambu on Monday.
Bessemer Venture Partners led a round that included participation from fellow venture capital firms Point Nine Capital and Runa Capital and growth equity fund Acton Capital Partners.
Mambu provides cloud-based technology that enables financial institutions to reduce the process of creating, building and launching online products from months to days.
Proceeds from the…
