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CIBC Innovation Banking provides £5M funding boost to Landytech

Landytech Team. Picture credits; Landytech

CIBC Innovation Banking has announced the provision of a £5M corporate debt facility to Landytech, a next-generation investment management platform designed for asset owners, managers, and advisors. The London-based company will use the funding to enhance its Sesame platform and expand its presence across European markets.

Supporting innovation in investment management

Landytech aims to provide the investment management industry with a centralised and comprehensive source of truth for investment data. As portfolios grow increasingly complex, traditional systems struggle to manage and interpret this data. Landytech’s Sesame platform consolidates asset data from all classes, offering advanced analytics and reporting capabilities that simplify portfolio management.

Founded in 2019, Landytech has quickly established itself as a key player in the investment management space. With its headquarters in London and an office in Paris, the company now employs over one hundred people, services more than seventy clients, and manages over four hundred custodian connections. This makes it the best-connected investment management platform in Europe. To date, Landytech has raised $20M USD in funding.

Enhancing capabilities and market presence

With the new funding from CIBC Innovation Banking, Landytech plans to further develop the capabilities of its Sesame platform and extend its reach across European regions. This strategic investment underscores CIBC’s commitment to supporting innovative and growing companies.

Benjamin Mouté, CEO of Landytech, expressed his enthusiasm for the funding: “This corporate financing from CIBC Innovation Banking not only supports our ambitious growth strategy but also reflects the robustness of our business model and the trust that established financial institutions have in our vision. It’s a significant milestone that underscores our commitment to leading innovation in data-driven investment management solutions.”

Valued partnership and future prospects

Tom Dods, Director of CIBC Innovation Europe, commented on the partnership: “As one of Europe’s leading growth lenders, we are pleased to support Landytech as it continues on its journey and enhances its product offering. Family offices around the world are underserved, and Landytech’s tailored reporting solution adds true value to its customers, based on a genuine understanding of their needs. Our funding will enable the business to continue its trajectory towards becoming the category leader in the space.”

About CIBC Innovation Banking

CIBC Innovation Banking provides strategic advice, cash management, and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto, and Vancouver, the team has extensive experience and a strong, collaborative approach that spans CIBC’s commercial banking, private banking, wealth management, and capital markets businesses.

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