Freshfields Bruckhaus Deringer (‘Freshfields’) is advising EQT Growth, part of the purpose-driven global investment organisation, in an EQT Growth-led €235 million Series E funding round in Mambu, a market-leading SaaS banking platform. The funding is the largest financing round to date for a banking software platform. The funding brings the company's valuation to €4.9 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe. With over 200 customers and over 50 million end users across Europe, North America, Asia Pacific, the Middle East, and Latin America, Mambu's Q3 2021 revenues are up 120% compared to Q3 2020. Mambu will use its fresh funding to further accelerate innovation in its next-generation platform, with the ambition of rolling out both new functional as well as technical capabilities. The company will also continue to expand its already-global footprint and customer success model to further support its international customer base which is active across 65 countries today, with specific focus on twelve key markets.

The Freshfields team advising on the transaction is led by partner Victoria Sigeti alongside partner Wessel Heukamp, principal associates Saloua Ouchan and Jacob Fontaine, senior associate Mark Brewer and associates Hannah Turton and Anne Zwolsman.