FINBOURNE Technology has announced that it has successfully raised £55m in its latest (series B) funding round. The round was led by Highland Europe, a leading London-based growth capital fund, and AVP (also known as AXA Venture Partners). The new round follows a Series A of £15m in 2021, demonstrating continued investor appetite for FINBOURNE’s solutions, client base and high-growth business model.
Osborne Clarke advised longstanding client, Highland Europe, on the round. The corporate team was led by partner Robert Wood, associate director Robert Pook and associate Chris Flach.
FINBOURNE is a market-leading provider of investment management solutions and a cloud-native data management platform. Many of the world’s leading asset managers, alternative asset managers, asset owners, and asset servicers benefit from the insight, efficiency and scalability FINBOURNE’s functionality provides. Across the investment lifecycle, investment and operations teams can increase revenue, reduce costs and better manage risk.
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. This investment will fund the next phase in the Company's commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.
Tony Zappala, Partner, Highland Europe commented: “We are looking forward to working with FINBOURNE to expand its operations globally. It has built a revolutionary SaaS platform that is enabling financial institutions to move from legacy, siloed solutions to a modern data architecture, allowing full, real-time visibility and optimal decision making. We would also like to thank Osborne Clarke for its work and advice in helping to ensure a smooth deal with an efficient process from the outset."
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the technology sector, working with clients ranging from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
