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Investment data platform Finbourne raises £55m Series B

Finbourne
Image credit: Finboure

Finbourne Technology, a London-based investment data management company, has raised £55m in a Series B funding round.

Founded in 2016, Finbourne provides asset owners and managers with a platform to track investment performances and conduct compliance duties. Its clients include Northern Trust and the Pension Insurance Corporation.

“This funding round and support from top-tier investors will help us deliver our enhanced go-to-market strategies,” said Finbourne co-founder and CEO Thomas McHugh.

“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.”

The investment round was led by Highland Europe and AVP. Finbourne previously raised £15m in a Series A round in 2021. The company also received a £30m debt facility in 2023.

“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,” said Highland Europe partner Tony Zappala.

“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.”

The company said Santander Corporate and Investment Banking acted as the financial advisor to Finbourne for the transaction.

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