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FINBOURNE Technology Secures £55 Million Series B Funding to Fuel Global Expansion

FINBOURNE Technology secures £55M Series B funding to enhance and expand its global investment management solutions
June 18, 2024

FINBOURNE Technology, a leader in investment management solutions, has successfully raised £55 million in a Series B funding round. The investment was led by Highland Europe and AXA Venture Partners (AVP), marking a significant milestone for the London-based company.

Building on a £15 million Series A funding round in 2021, this latest investment is set to drive FINBOURNE’s commercial growth. The funds will be used to expand sales, product development, and marketing capabilities across key regions, including the US, UK, Ireland, Singapore, and Australia.

FINBOURNE’s cloud-native data management platform is designed to support the entire investment lifecycle. Its innovative technology enables investment and operations teams to boost revenue, cut costs, and manage risk more effectively. Over the past year, the company has added prominent clients to its roster, including Northern Trust, Omba Advisory, and the Pension Insurance Corporation (PIC).

Thomas McHugh, CEO and co-founder of FINBOURNE Technology, expressed enthusiasm about the new funding. "This round and the backing from top-tier investors will bolster our go-to-market strategies," McHugh said. "By investing heavily in our key segments, we aim to help more firms in investment management, banking, and capital markets gain a trusted, unified view of their financial data across all operations."

The substantial Series B funding will enable FINBOURNE to enhance its platform's capabilities and broaden its reach, reinforcing its position as a pivotal player in the financial technology sector. As the company scales, it continues to provide cutting-edge solutions that streamline financial data management and optimize investment processes for clients worldwide.

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