This new capital follows on from the $6m series A funding secured in March 2021
Landytech, an investment reporting platform, has secured $12m in series B funding.
The funding will be used to accelerate Landytech’s growth as the company expands internationally, and to support its product development.
The round was led by Aquiline Technology Growth, with additional funding from existing investor Adelie Capital.
This new capital follows on from the $6m series A funding secured in March 2021.
Landytech’s platform, Sesame, enables its clients to streamline reporting processes and make more informed decisions via a suite of investment data, analytics and reporting tools.
It allows firms to consolidate investment data across public and private assets, on one platform.
Benjamin Moute, chief executive officer and founder of Landytech, commented: ‘’Landytech was created to revolutionise the way asset owners, investment managers and advisors access asset information.
“This funding represents a confidence in our go-to-market strategy and our vision to transform the way asset information is sourced and consumed.”
Jeff Greenberg, chairman and chief executive officer 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, and we believe it is uniquely positioned to capitalise on this growth.”