AVP and Highland Europe co-led a Series B investment in Finbourne, a cloud-native investment and data management platform, aimed at modernizing asset management technology for large financial institutions.
Target Information
Finbourne, co-founded in 2016 by Tom McHugh, is a cloud-native investment and data management platform specifically designed for large asset managers. The company addresses the complexities of asset management, which have escalated due to the growth of various asset classes, globalization, and heightened reporting requirements driven by transparency and regulation.
As asset managers grapple with outdated legacy systems and disparate technology solutions, Finbourne stands out with its innovative end-to-end platform. It employs a unified data model across asset classes, allowing financial institutions to streamline their operations and replace dated systems progressively.
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Industry Overview
The software market in the asset management industry is characterized by the dominance of legacy incumbents. Despite being perceived as technologically advanced, the reality reveals a
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AVP and Highland Europe
invested in
Finbourne
in 2023
in a Series B deal