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Benzinga

Business

Renato Capelj

Tomo Raises $40M Series A, Putting It In Reach Of $1B Valuation

SVB Capital NFX Ribbit Capital

Tomo secured a $40 million Series A led by SVB Capital and doubled its valuation to $640 million. Round participants include Ribbit Capital, NFX, Telesoft, Zigg Capital and Parker89.

The development comes as the mortgage fintech looks to hone software development and data science initiatives, as well as expand across all 50 states.

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