FINBOURNE Secures Major Funding to Enhance Investment Management Solutions
FINBOURNE Technology, a leader in providing interconnected data and investment management solutions, has successfully completed a secondary funding round, raising over £100 million. This significant achievement follows a previous Series B funding round of £55 million, marking it as one of the largest Series B rounds in the UK. The latest funding has attracted six existing investors and welcomed four new ones, including major financial entities CommerzVentures and HSBC, who will join the FINBOURNE Board as observers.
Pioneering Investment Management with Cloud-Native Technology
FINBOURNE is renowned for its cloud-native data management platform that serves leading asset managers, alternative asset managers, and asset servicers globally. Their solutions offer enhanced insight, efficiency, and scalability across the investment lifecycle, enabling teams to boost revenue, cut costs, and manage risks effectively.
Their flagship LUSID platform is a Software as a Service (SaaS) solution providing comprehensive functionality in portfolio management, fund accounting, order management, and compliance. This platform promotes the democratisation of data by embedding entitlements, lineage, and utilisation metrics. By integrating with AI and ML ecosystems, FINBOURNE is preparing clients for the next wave of AI-driven efficiencies.
Expansion and Strategic Partnerships
In the past year, FINBOURNE has expanded its client base significantly, with notable partnerships in the global investment management and banking sectors, including Northern Trust and the Pension Insurance Corporation (PIC).
Thomas McHugh, CEO and Co-founder of FINBOURNE Technology, expressed confidence in the company's SaaS solutions and strategic growth, highlighting the importance of trusted, consolidated data in speeding up decision-making processes across all operational levels.
Strategic Input from New Investors
CommerzVentures' Managing Partner, Heiko Schwender, praised FINBOURNE's platform for solving data fragmentation issues and preparing clients for AI advancements. Fiona Horsewill from HSBC remarked on the synergy between FINBOURNE's platform and HSBC's vision to enhance the post-trade ecosystem.
The transaction was advised exclusively by Santander Corporate & Investment Banking, reflecting a strong vote of confidence in FINBOURNE's innovative approach and future prospects.
