ZenBusiness valued at $1.7 bln after latest investment

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Nov 9 (Businesshala) – Software-as-a-Service (SaaS) company GenBusiness said on Tuesday that it will be doing business after a $200 million funding round led by venture capital firm Oak HC/FT with participation from SoftBank Vision Fund 2. The value was $1.7 billion. .

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The Austin, Texas-based company, founded in 2017, calls itself a one-stop platform for entrepreneurs to launch, run and grow their businesses. It provides digital tools, fintech solutions and educational resources to support small businesses.

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Existing investors from GenBusiness, Cathay Innovation and Greycroft also participated in the latest round. Billionaire investor Mark Cuban will join the company as an attorney and spokesman.

The company said it intends to use the capital raised to develop new products and services for its application. It also intends to add features that allow customers to manage their organization’s finances. (Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber)

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