2 minute read | September.13.2024
FINBOURNE Technology, a market-leading provider of investment management solutions and a cloud-native data management platform, has raised over £100 million in ‘one of the largest series B raises in the UK.’
Orrick represented FINBOURNE.
The company said it has completed a secondary funding round after raising £55 million in June. The secondary round brought the total raised to more than £100 million, making it “one of the largest series B raises in the UK.”
FINBOURNE’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market.
Its investment management solutions and cloud-native data management platform ensure that investment and operations teams can increase revenue, reduce costs and better manage risk across the investment life cycle.
With operations in North America, the UK and Europe, Asia and Australia, FINBOURNE is trusted by some of the world’s leading financial services firms, including Fidelity International, London Stock Exchange Group, Baillie Gifford and Northern Trust.
Six original investors also participated in the most recent funding round while four additional investors joined firms with a stake in FINBOURNE. Two investors, CommerzVentures and HSBC, will join the FINBOURNE Board as observers.
“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,” said Thomas McHugh, CEO and Co-founder, FINBOURNE Technology.
“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.”
Orrick’s Shawn Atkinson led the team that advised FINBOURNE Technology. The team also included Patrick Driscoll, Rachel Conder and Thomas Seward.