Funding and Acquisitions Roundup: Instagram reportedly raising a new, $50 million funding round

Today’s technology early-stage funding and acquisitions news roundup:

Mobile

Instagram Raising $50 Million at $500 Million Valuation [REPORT] (via Mashable)

Malauzai Raises Capital to Improve Access to Best-In-Class Mobile Banking Apps For Community Financial Institutions

Finance/Investment

SEC watch: Dave McClure is raising a $50 million fund for 500 Startups (via TheNextWeb)