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Asset management platform Instinct Digital raises £5m

Instinct Digital
Image credit: Instinct Digital

Investment reporting and communications platform Instinct Digital has raised £5m in an AlbionVC-led Series A round.

Instinct Digital’s cloud-based software as a service platform acquires and aggregates investment reporting assets from a variety of sources.

This information is combined into its centralised platform, which has tools for analytics and digitised communications.

The company’s client list of asset managers includes Schroders, Liontrust, Architas, BNY Mellon and Columbia Threadneedle Investments.

“Our prestigious clients are fundamental to our success, along with our partners and team who have enabled Instinct to build a product that has the potential to become the benchmark in investment communications and reporting for investors,” said Cassian Scott, CEO of Instinct Digital.

“On behalf of the board and the executive team I extend my sincere thanks to all who have chosen and supported, and those that continue to support, our firm.”

The new funding injection will support the London-based company’s goal of expanding into new regions, notably the US.

“When the market-leading solution meets a large market with an urgent need for innovation, great things happen,” said AlbionVC partner Robert Whitby-Smith

“The team behind Instinct Digital have a track record of success in both the industry they are providing a solution for and in scaling enterprise software businesses.”

For the year ended 30 June 2023, Instinct reported losses of £3.7m and employed 32 people, according to its latest available accounts.

Those same accounts, covering the period while the raise was ongoing, state that the new funds are “intended to provide capital to the business for the next 12-24 months at least”.

Instinct Digital was first incorporated under the name Dream Dynamics in 2003. It rebranded to Instinct Studios in 2007 before changing to Instinct Digital in 2022.

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