Finbourne Technology secures £16m Series B for investment data platform

An estimated £16m Series B funding round has been secured by London-based Finbourne Technology. The company provides a cloud-native data management platform and investment management solutions, including its LUSID and Luminesce products, for the global financial services industry.

Founded in 2016, the firm aims to reduce the cost of investing and increase transparency for asset managers, asset owners, and asset servicers. Its technology connects workflows and insights across the investment lifecycle, covering areas such as automated reconciliation, portfolio management, IBOR, investment data management, and financial reporting.

Financial accounts for the year ended 31 December 2024 show the business generated £19.4m in revenue while recording a £29m loss. The company employs 254 people and maintains operations across Europe, North America, Asia, and Australia.

This latest capital injection follows several previous rounds, including a £1.7m raise in June 2025, a £31.6k investment in March 2025, and a £1m round in December 2023. A Series A round in April 2021 raised £2.6m, following earlier funding in November 2018 that valued the business at £19.7m. Two rounds in April 2017 raised £100k and £1.9m at valuations of £8.7m and £6.8m respectively.

Financial institutions including Northern Trust, Baillie Gifford, and the London Stock Exchange Group are among those using the platform for data compliance and investment operations. Documentation for this Series B round was filed in June (allotment date May).