London-based SaaS company Fundpath has secured €2.3 million in a funding round led by Fuel Ventures, just months after receiving a €4.6 million investment in March 2023. This investment supports Fundpath’s mission to modernize the fund buying and selling process through data-driven technology.
Founded in 2021 by Jamie Hinchliffe, Allan Goodridge, and Tom Porter, Fundpath seeks to transform the traditional fund management process by integrating collective data, AI, and technology. This approach simplifies and secures the way wealth managers interact with the asset management industry, promoting more effective fund transactions.
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Accelerating Product Development
The recent capital injection will enable the SaaS Company to expand its team and accelerate its product roadmap. The company aims to refine its offerings to better serve the asset management sector, emphasizing the enhancement of communication and operational efficiencies through technology.
Reaching Significant Milestones
Recently, the startup achieved a significant milestone by onboarding 100 asset management firms. This achievement underscores the company’s growing influence and effectiveness in the financial sector. “Our latest milestones show that our approach is not only working but is leading industry change,” said Jamie Hinchliffe, Co-Founder and CEO of Fundpath.
Backed by Fuel Ventures
Fuel Ventures, known for its selective investment approach in tech companies, sees great potential in the company’s innovative solutions. Mark Pearson, Managing Director at Fuel Ventures, remarked on the investment, “Fundpath is fast becoming the central nexus of fund distribution, and we’re excited to play a part in its growth.”
This new funding round will help the company continue its development and expand its impact in the fund management industry, making it a key player in the modernization of financial services.
