About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Finbourne Doubles Funding in £55m Series B Round

Subscribe to our newsletter

Finbourne Technology has almost doubled the capital it has raised from investors, with the latest series B injection increasing its total by £55 million to more than £100m.

Six existing investors in the London-based investment data management solutions provider chipped in more funds and they were joined by another four investors. Two of them, CommerzVentures and HSBC, will have a presence on the Finbourne board as observers, the company said.

Finbourne offers a range of data management services, including through its SaaS-based LUSID platform, which are being utilised by clients including Northern Trust, Omba Advisory and the Pension Insurance Corporation.

While the company didn’t detail how it would use the proceeds from the secondary funding round, chief executive and co-founder Thomas McHugh said that Finbourne is looking to “significantly expand” its client base.

Earlier this year Finbourne said it would expand its sales, product and marketing capabilities in the UK, the US, Ireland, Singapore and Australia.

The company drew in £55m during its previous series B funding round in June, which was led by venture capital firm Highland Europe and AXA Venture Partners. That followed a £15m injection in 2021. It also has a £30m debt facility from Kreos Capital.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Snowflake Retools Cortex to Offer FSI Tailored AI Capabilities

Snowflake’s Cortex AI features has been enriched to provide financial services companies with agentic artificial intelligence capabilities honed to their specific needs, the first of a planned suite of editions focused on individual industries. Cortex AI for Financial Services will feature all the functionality of the platform’s Cortex features but will offer clients large language models that...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

GDPR Handbook

The May 25, 2018 compliance deadline of General Data Protection Regulation (GDPR) is approaching fast, requiring financial institutions to understand what personal data they hold, why they process it, and whether it is shared with other organisations. In line with individuals’ rights under the regulation, they must also provide access to individuals’ personal data and...