Investment software startup raises £9.9m

Landytech provides an investment management software called Sesame, used by asset managers and financial advisers to inform investment decisions and reporting processes based on data and analytics.

The company has raised $12m in a Series B funding round, led by investment from venture capital firm Aquiline Technology Growth (ATG) and additional investment from existing investor Adeline Capital.

The new funding round follows $6m it raised in a Series A in March 2021.

The funds will be used to support the startup’s product development and international expansion.

Currently, Landytech has clients in over 15 countries and is now looking to expand upon this.

The firm, set up in 2018 and which has nearly 100 staff, says that its software allows firms to consolidate investment data across public and private assets, bringing it together on one platform.

Benjamin Moute, chief executive and founder of Landytech said: "Landytech was created to revolutionise the way asset owners, investment managers and advisors access asset information."

Jeff Greenberg, chairman and chief executive 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. Landytech’s software was built specifically to cater to the needs of this market."

Pictured: Landytech co-founders, CEO Benjamin Mouté and COO Gregory Chouette, with Aquiline Technology Growth’s Giovanni Nani