CIBC Innovation Banking has provided a £5 million corporate debt facility to Landytech, an investment management platform for asset owners, managers and advisors.
Founded in London, Landytech will use the funding to enhance Sesame, its investment management platform, and continue its strategic expansion across European markets.
The funding recognises CIBC’s continued commitment to investing in innovative, growing companies, and Landytech’s robust business plan and position at the forefront of a rapidly growing market.
Landytech provides the investment management industry with a centralised and comprehensive source of truth on investment data for asset owners, managers and advisors. As portfolios become increasingly complex, the traditional systems used to manage and interpret this data are no longer sufficient. Landytech’s platform, Sesame, consolidates asset data from all asset classes, negating these complexities and unlocking advanced analytics and reporting capabilities across entire portfolios.
Since its inception in 2019, Landytech has raised $20 million. With headquarters in London and an office in Paris, the company now boasts over 100 employees, services over 70 clients, and handles over 400 custodian connections, establishing it as the best-connected investment management platform in Europe.
“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,” said Benjamin Mouté, CEO of Landytech.
“It’s a significant milestone that underscores our commitment to leading innovation in data-driven investment management solutions.”
Tom Dods, director of CIBC Innovation Europe, said: “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.”
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