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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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SoftBank Vision Fund sees spate of exec departures

A spate of high-level leaders have departed聽‘s $100 billion Vision Fund in recent weeks, including Chief Operating Officer , Monday. , who鈥檚 also chief of staff to Vision Fund CEO , is stepping into the COO role in addition to his other duties, Bloomberg reported.

Weerasekera’s departure is a retirement, the company said. His exit follows several other executive departures at the Vision Fund in recent months, Bloomberg reported. Other departures include Penny Bodle, a partner who headed investor relations; Avi Golan, an operating partner who left to become CEO of artificial intelligence software maker ; and U.K. Chief Risk Officer Maria Khan. Investing partners and also recently resigned from SoftBank to join billionaire investor 鈥� .

Viking Global leads Conductor’s $150M raise

, a Brazil-based card issuing and banking-as-a-service software platform, raised $150 million in a round led by , with additional participation from investors including .

This is Viking Global鈥檚 , the company said.

Conductor intends to use the new funds on product development and international growth. It currently manages more than 85 million accounts and processes more than $20 billion in payment volume across Latin America.

Communications platform Zego raises $50M in Tencent-led round

Shenzen-based ,聽 a provider of a real-time audio and video communications platform, $50 million in a funding round led by .

and also participated in the financing for the company, which did not disclose a valuation. The company was founded by Lin Youyao, the former general manager of Tencent QQ, and four former senior directors of Tencent.

The company offers a Zoom-like videoconferencing tool called TalkLine.聽 Its technology is used in game streaming platforms, online classes and for enterprises shifting to remote work amid the pandemic.

Funding rounds

• Flock Safety secures $47M for crime reduction: , an Atlanta-based company focused on eliminating crime, its $47 million Series C round of funding led by . Also participating in the round are new investors participating include co-founders , , and , as well as existing investors , Axon, , , and .
• Marshmallow lands $30M for insurance:聽, a U.K.-based provider of a tech-enabled platform assessing insurance risk, in a Series A funding round that sets a valuation of around $310 million.
• Stensul raises $16M for marketing platform: , a New York-based agile email creation platform, raised $16 million in Series B funding, led by , with participation from , ,聽 and existing investors , , 听补苍诲 , as well as a group of individual investors. The funding will go toward product innovation and go-to-market functions.
• Agora Systems closes $7 million to streamline construction supply chain: San Francisco-base has raised a $7 million Series A led by to help make the materials supply chain for commercial trade contractors more efficient. The company’s platform connects purchasing teams, vendors and field foremen so they can work together on projects, according to a statement from the company. The new round brings Agora’s total funding to $11 million.
• Teampay banks $5M for growth: , a New York-based distributed spend management platform, raised $5 million in an oversubscribed Series A extension round led by new investor , and supported by existing investors , and . The round brings Teampay鈥檚 total funding to $21 million and will be used for go-to-market and customer acquisition.
• ShearShare clips $2.3M for salon rentals: , a Dallas-based provider of on-demand salon and barbershop space rentals, announced $2.3 million in seed funding. The investment group included , , , and .

Other news

• US Agency to “vigorously defend” TikTok ban: The U.S Commerce Department 鈥渧igorously defend鈥� an executive order that seeks to bar transactions with short video-sharing app after a federal judge halted the action. The federal judge on Friday blocked the Commerce Department order, which was set to take effect on Nov. 12.

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