Cloud-based investment data management platform Finbourne has successfully raised £55 million in Series B funding. This latest round was led by Highland Europe and AVP, following their Series A funding round of £15 million in 2021.
The investment will support Finbourne’s next phase of commercial development, focusing on expanding sales, product offerings, and marketing capabilities in markets including the US, UK, Ireland, Singapore, and Australia.
Founded in 2016 by a team of former senior bankers and investors from UBS and Nomura, Finbourne aims to simplify and enhance the traditional methods of storing, accessing, and analyzing investment data. Its SaaS-based Lusid platform provides comprehensive front-to-back functionality across all asset classes for portfolio management, fund accounting, order management, and compliance.
Over the past year, Finbourne has secured several new clients in the global investment management, banking, and capital markets sectors, including Northern Trust, Omba Advisory, and the Pension Insurance Corporation (PIC).
Imran Akram, general partner at AVP, commented, “When the team first demonstrated in 2020 that they could integrate investment data from the entire universe of assets held by managers into a single platform, I was impressed. This capability is a key differentiator, particularly relevant in the context of the emerging AI wave. We are thrilled to support Finbourne as they expand their product suite and extend its benefits to a wider range of financial services clients.”