Finbourne lands £55m Series B from Highland Europe and AXA Venture Partners
Finbourne Technology, a London-based investment data management solutions vendor, has raised £55 million through a Series B round spearheaded by UK venture capital firm Highland Europe and AXA Venture Partners (AVP), a French VC specialising in tech companies.
Finbourne secures £55 million Series B
The cash injection has been earmarked to fund Finbourne’s “next phase” in commercial development. The UK fintech says this will include scaling its product, sales, and marketing capabilities in Australia, the US, Singapore, Ireland, and the UK.
The new funds supplement the debt facility worth up to £30 million that Finbourne secured from Kreos Capital last year. This follows the £15 million raised during the firm’s Series A funding round in 2021, led by Fidelity International Strategic Ventures.
Founded in 2016, Finbourne offers the wealth management sector a cloud-native Software-as-a-Service (SaaS) data management platform, alongside a suite of investment administration solutions.
The company’s flagship product is its SaaS-based LUSID platform, which the enterprise says “delivers front-to-back functionality” across order management, portfolio management, compliance, fund accounting and more.
Lately, Finbourne has announced several new client acquisitions across various sectors, including UK-based Seilern Investment Management and, most recently, the Chicago-headquartered wealth management firm Northern Trust.
