London-based Landytech has raised $12m (£9.8m) in Series B funding round for its investment management software.
Its software, called Sesame, is used by trustees, asset managers and family offices to track the value of their portfolios, to conduct analysis and for reporting.
“Landytech was created to revolutionise the way asset owners, investment managers and advisors access asset information,” said Benjamin Moute, CEO and founder, Landytech.
“This funding represents a confidence in our go-to-market strategy and our vision to transform the way asset information is sourced and consumed.”
Moute added that the Series B round will aid the startup in launching its investment software in more countries.
The Landytech Series B was led by Aquiline Technology Growth, with contribution from Adelie Capital.
The latest investment round follows Landytech’s $6m Series A round in March 2021.
Jeff Greenberg, chairman and CEO of Aquiline Capital Partners, said: “Family offices are a fast-growing segment of the wealth management industry with increasing complexity because of the proliferation of asset classes including private markets and alternatives, and the need for transparency and compliance has never been greater.”
According to Landytech, it is currently used in 15 countries and reports on more than $30bn in assets.
Landytech is headquartered in South Kensington, London, where it has nearly 100 employees along with a second office in France.
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