About a-team Marketing Services

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: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

Free from Fear and Lock-In – The Efficiency Jackpot Back-Offices in PE can Deliver

By Gareth Hewitt, Co-founder and CEO, LemonEdge. Private equity firms and fund administrators face heavier workloads and closer scrutiny than ever before, yet many back offices still run on systems built for a past era, when there was less expectation that services needed to be delivered quite as regularly. Teams recognise that sticking with these...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...