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Finbourne raised $70M in a Series B led by Highland Europe and AVP to expand its reach outside of London's financial center.

PRIVATEJun 18, 2024

Amount Raised

$70 Million

Round Type

Series B

LondonSoftwareArtificial IntelligenceFinanceFintechAnalytics

Investors

AvpHighland Europe

Description

Finbourne, a startup founded out of London’s financial center, has raised $70 million in funding to build a platform helping financial companies organize and use more of their data in AI and other models. The funding will be used to expand its reach outside of the Square Mile.

Company Information

Company

Finbourne

Location

London, England, United Kingdom

About

Finbourne is a London-based startup focused on developing a platform to help financial companies organize and use more of their data in AI and other models. The company's products include the LUSID Operational data store, investment and accounting books of record, a portfolio management platform, and a data virtualization tool.

Fundz sees it the moment Finbourne raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Finbourne raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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