FINBOURNE raises total funding to £100 million following secondary round
FINBOURNE has completed a secondary funding round following its $55 million Series B round announced in June 2024, which included participation from AXA Venture Partners, bringing the total funding to £100 million.
Founded in 2016, the London-based company provides investment management solutions and a cloud-native data management platform. Its offerings include an investment and accounting book of record, a portfolio management platform that tracks positions, cash, P&L, and exposure, as well as data virtualization.
Over the past 12 months, FINBOURNE has announced several new client wins in the global investment management, banking, and capital markets sectors, including Northern Trust, Omba Advisory, and the Pension Insurance Corporation (PIC).
“I am encouraged that FINBOURNE’s best-in-class SaaS solutions, top-tier clients from across the financial services industry and high-growth go-to-market strategies continue to prove attractive for investors. We are looking forward to working with our new partners as we significantly expand our client base as firms transform their businesses to make trusted and consolidated data core to better and faster decision making across the front, middle and back office.” – Thomas McHugh, CEO and Co-founder of FINBOURNE.
“The FINBOURNE team has built an indispensable financial services data platform for the entire asset ecosystem. Their “source of truth” data standards are ideal for these organisations, enhancing current investment activity and preparing them for the coming AI wave. The platform’s success in tackling the long-standing challenge of data fragmentation, while future-proofing their clients for AI exemplifies the innovation in the category-leading fintechs we’re committed to backing. We are excited to be working with such a high-calibre team.” – Heiko Schwender, Managing Partner of CommerzVentures .
“We’re excited to partner with FINBOURNE as they have built an investment servicing platform that complements our vision to benefit asset owners and managers by leveraging platform capabilities to streamline the post-trade ecosystem, and deliver enhanced client experience and future-ready services. We look forward to working alongside the team as it continues on its exciting growth trajectory.” – Fiona Horsewill, Global Head of Securities Services of HSBC .
