FINBOURNE Technology raises £55m in Series B funding led by Highland Europe and AVP to drive global expansion.
The Series B round was led by Highland Europe and AVP to fund commercial expansion.
FINBOURNE Technology provides a cloud native data management platform and investment management solutions for the financial services sector.
FINBOURNE Technology has secured £55m in Series B funding to accelerate its international commercial expansion. The investment round was led jointly by Highland Europe and AXA Venture Partners, building upon a previous £15m Series A round raised in 2021.
The newly acquired capital will be directed towards scaling the firm's sales, product development and marketing capabilities across major financial markets including the US, UK, Ireland, Singapore and Australia. The company continues to remain majority employee owned following the transaction.
Over the past year, FINBOURNE has added several major clients across banking and asset management, deploying its SaaS LUSID platform to modernise investment operations and prepare institutions for emerging artificial intelligence applications.
From the founder
"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."
Thomas McHugh
CEO and Co-founder at FINBOURNE Technology
Investor perspective
"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."
Tony Zappala
Partner, Highland Europe
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Expand into international markets
Investors
Categories
About the company
FINBOURNE Technology
FINBOURNE Technology builds cloud native data management platforms for the investment community.