FINBOURNE Technology, a cloud-native data management platform and investment management solutions provider, has recently secured £55 million in a Series B funding round led by Highland Europe and AXA Venture Partners (AVP). This significant investment follows a successful Series A funding round of £15 million in 2021 and will be used to fuel the company’s commercial development.
The focus of the new funds will be on expanding FINBOURNE’s sales, product, and marketing capabilities in key markets such as the US, UK, Ireland, Singapore, and Australia. The platform’s functionality can be utilized across the entire investment lifecycle to help investment and operations teams increase revenue, reduce costs, and better manage risk.
Over the past year, FINBOURNE has secured new clients in global investment management, banking, and capital markets. Among these are Northern Trust, Omba Advisory, and the Pension Insurance Corporation (PIC), which have all chosen to use FINBOURNE’s platform for its trusted consolidated view of financial data across their front office.
Thomas McHugh, CEO and co-founder of FINBOURNE Technology expressed his excitement about this funding round and support from top-tier investors. He stated that this investment will help the company deliver enhanced go-to-market strategies by investing in initiatives across key segments. By leveraging its trusted platform capabilities in various industries such as Investment Management & Private Equity firms to Banking & Capital Markets companies it aims to assist more organizations access & utilize a consolidated view of their financial data throughout their entire lifecycle.