# Finbourne Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finbourne-technology

- Industry: Software
- Headquarters: London, UK
- Website: www.finbourne.com
- Total disclosed funding: $150M
- Latest round: Series B (Sep 10, 2024)
- Investors on record: 5

## About

Finbourne Technology, based in the UK, offers advanced investment data management solutions that enhance operational efficiency for asset managers and hedge funds through its powerful platform, EDM+.Founded in 2016 in London, UK, Finbourne Technology specializes in investment data management solutions. The company has successfully completed 5 deals, with its most recent funding round occurring on September 10, 2024. In this round, it raised GBP 45 mn in Series B funding from investors including HSBC Asset Management, Commerzbank, and Axa Venture Partners, bringing the total amount raised to GBP 55.002 mn. The founders, Chris Brook, Dermot Shortt, George Beasley, Paul S., Stephen Collie, and Thomas M, have a diverse history in the financial technology space.Finbourne Technology specializes in providing advanced investment data management solutions designed to streamline and enhance the operational capabilities of asset managers, asset owners, hedge funds, private markets, and asset servicers. The core offering, known as EDM+ (Enterprise Data Management Plus), integrates real-time data connections and a unified data set to facilitate seamless collaboration and decision-making across various asset classes, both public and private. The platform empowers users by enabling efficient data management, reducing manual processing, and decommissioning legacy systems, ultimately transforming fragmented data into actionable insights. Some key functionalities include high-velocity innovation, AI-ready data support, and extensive API catalogues that aid in consolidating diverse data sources. Clients utilize these services globally, with notable presence in major financial markets such as North America, Europe, and Asia.Finbourne Technology generates revenue primarily through subscription-based models for its flagship EDM+ platform, alongside strategic partnerships that extend its service offerings. For the most recent year, 2024, the company reported revenue of GBP 24,812,658.50 and an EBITDA of GBP -28,279,441.90. Clients engage with the company through B2B transactions, typically entering into contracts that provide access to the platform's capabilities, which may include tiered pricing structures based on usage or specific service enhancements. By focusing on improving operational efficiencies for financial institutions, Finbourne enhances its value proposition, driving consistent engagement with its diverse client base.In September 2024, Finbourne Technology Limited raised GBP 45 mn in Series B funding, co-led by HSBC Asset Management and Commerzbank, to accelerate growth and innovation. The company plans to utilize this funding to enhance its existing products and introduce new offerings. Additionally, it aims to expand into new markets including Asia and Europe by the end of 2025, further broadening its global footprint.

## Funding rounds

- Series B, Sep 10, 2024, $59M — Commerzbank, AXA Venture Partners, HSBC Asset Management
- Series B, Jun 14, 2024, $70M — AXA Venture Partners, Highland Europe
- Series A, Apr 16, 2021, $21M — Fidelity International Strategic Ventures

## Investors

- Fidelity International Strategic Ventures (https://capitalatlas.ai/funds/fidelity-international-strategic-ventures) — Series A
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series B
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series B
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series B
- HSBC Asset Management (https://capitalatlas.ai/funds/hsbc-asset-management) — Series B