FINBOURNE Technology, a cloud-native data management platform provider and investment management solutions company, has recently secured £55 million in a Series B funding round led by Highland Europe and AXA Venture Partners (AVP). This significant investment follows a Series A funding round of £15 million in 2021 and will be used to fund the firm’s commercial development.
The focus of this funding round will be on expanding sales, product, and marketing capabilities in key markets such as the US, UK, Ireland, Singapore, and Australia. The functionality of FINBOURNE’s platform can be utilized across the investment lifecycle, enabling investment and operations teams to increase revenue, reduce costs, and better manage risk.
Over the past year, the company has secured new clients in global investment management, banking, and capital markets including Northern Trust, Omba Advisory and the Pension Insurance Corporation (PIC). Thomas McHugh, the chief executive and co-founder of FINBOURNE Technology expressed excitement about the funding round and support from top-tier investors. He stated that this investment will help the company deliver enhanced go-to-market strategies. By investing in initiatives across key segments