FINBOURNE Technology raises £55 million in Series B funding round

Highland Europe and AXA Venture Partners led the funding round; follows Series A funding round of £15 million in 2021.

FINBOURNE Technology has raised £55 million in a Series B funding round led by Highland Europe and AXA Venture Partners (AVP).

The move follows a Series A finding round of £15 million in 2021, with this latest investment set to fund the firm’s commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.

FINBOURNE is a provider of investment management solutions and a cloud-native data management platform.

According to the firm, its functionality can be utilised across the investment lifecycle, investment and operations teams to increase revenue, reduce costs and better manage risk.

Over the past year, FINBOURNE has secured new clients across global investment management, banking and capital markets which it serves including Northern Trust, Omba Advisory and the Pension Insurance Corporation (PIC).

“This funding round and support from top-tier investors will help us deliver our enhanced go-to-market strategies,” said Thomas McHugh, chief executive and co-founder of FINBOURNE Technology.

He added: “By significantly investing in go-to-market initiatives across our key segments, we can help even more global investment management, banking, and capital markets firms access and utilise a trusted and consolidated view of their financial data across the front, middle and back office.”