Funding

FINBOURNE funding news – London-based FINBOURNE Technology Secures £55 Million in Series B Round Funding

Jun 18, 2024 | By Startup Rise EU

FINBOURNE Technology’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market; it secures £55 million in series B round funding.

FINBOURNE Technology’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market; it secures £55 million in series B round funding.

SUMMARY

  • FINBOURNE’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market.
  • This latest round was led by Highland Europe and AVP and follows a Series A funding round of £15m in 2021.

This latest round was led by Highland Europe and AVP and follows a Series A funding round of £15m in 2021. It demonstrates continued investor appetite for FINBOURNE’s solutions, client base and high-growth business model.

This investment will fund the next phase in FINBOURNE’s commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.

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FINBOURNE is a market-leading provider of investment management solutions and a cloud-native data management platform. Many of the world’s leading asset managers, alternative asset managers, asset owners, and asset servicers benefit from the insight, efficiency and scalability FINBOURNE’s functionality provides. Across the investment lifecycle, investment and operations teams can increase revenue, reduce costs and better manage risk.

FINBOURNE’s portfolio of products is built upon an interoperable and scalable data management platform. Its SaaS-based LUSID platform delivers front-to-back functionality across portfolio management, fund accounting, order management, compliance and more.

It allows for the democratisation of data with entitlements, lineage and utilisation metrics embedded. In addition, the network of data and functions available to AI and ML programming ecosystems can transform the operating model for clients, readying them for the coming wave of AI-driven efficiencies.

Thomas McHugh, CEO and Co-founder, FINBOURNE Technology stated: “This funding round and support from top-tier investors will help us deliver our enhanced go-to-market strategies. By significantly investing in go-to-market initiatives across our key segments, we can help even more global investment management, banking, and capital markets firms access and utilise a trusted and consolidated view of their financial data across the front, middle and back office.”

Tony Zappala, Partner, Highland Europe commented: “Over the past few years, FINBOURNE has built a revolutionary SaaS platform that is enabling many of the world’s biggest financial institutions to move from legacy, siloed solutions to a modern data architecture, allowing full, real-time visibility and optimal decision making. We look forward to supporting the FINBOURNE team as it expands operations globally to support more clients and continues its mission to deliver cost and operational efficiencies at scale.”

Imran Akram, General Partner, AVP said: “When the team first showed me in 2020 that they could integrate investment data from the full universe of assets held by managers into a single platform, they had me hooked. Today this is a clear differentiator and especially important to the emerging AI wave. We are excited to help FINBOURNE as they expand their product suite and bring its benefits to a broader set of financial services customers.”

About FINBOURNE Technology

FINBOURNE’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market.

Its investment management solutions and cloud-native data management platform ensure that investment and operations teams can increase revenue, reduce costs, and better manage risk across the investment life cycle.

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