UK-based Landytech has raised $12 million of series B funding to grow its aggregation software platform for tracking investment portfolios.
Landytech provides portfolio managers with a suite of automated data, analytics and bookkeeping tools, including analytics and data publishing software.
Known as the Sesame platform, the software is currently used across more than 15 countries by various family offices, trustees and other asset managers.
Landytech had secured $6 million in March 2021 for its series A round. Its revenue increased materially last year and the company was able to expand its workforce to almost 100 employees, while also introducing a new headquarters in London's South Kensington district.
Benjamin Moute, Landytech CEO and founder, 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.
"We chose to work with Aquiline owing to their unrivalled expertise at the intersection of financial services and technology. This relationship unlocks exciting opportunities as the company expands geographically and continues its development of an industry-leading platform. ’’