The Series C round was led by Highland Europe with participation from ETFS Capital to support product development and team expansion.
"Financial advice is a heavily regulated space and it is difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers. For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need so they can dedicate more time to delivering value to customers. We now have over 500 firms relying on Fundment, but we’re still in the early stages of our journey. I’m delighted to have the backing of Highland Europe and look forward to working with the knowledgeable team there as we scale Fundment."
The funding round was led by Highland Europe with participation from multiple existing investors.
"From the moment we started building at our kitchen table, 9fin has pioneered the use of AI in debt capital markets, setting a new industry standard. By investing in the best product and engineering talent, we’ve dramatically increased product velocity, delivering capabilities to give our customers the best workflows, tools and insights, and helping them navigate easily through complex financial markets."
The Series B round was led by Highland Europe and AVP to fund commercial expansion.
"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."
Battery Ventures led the financing round, with participation from a16z and Highland Europe.
"We've focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset. Although we have more cash-on-hand than we've raised, we wanted to bring on new expertise in our target markets as we continue our growth into new verticals and geographies. We are delighted to have attracted a world-class set of investors who bring an unparalleled combination of experience, expertise, and support to hyperexponential in the next phase of our expansion."
The funding round was led by Highland Europe and will support the release of the Phone 2.
"It's clear that there's real demand for an innovative challenger in the consumer tech industry, and with this new round of financing, we've never been better positioned to realise our vision to make tech fun again."
