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CIBC Innovation Banking provides £5 million corporate debt financing Landytech
CIBC Innovation Banking announced that it has provided a £5 million corporate debt facility to Landytech, an investment management platform for asset owners, managers, and advisors.
Founded in London, Landytech used the funding to enhance Sesame, its investment management platform, and continued its strategic expansion across European markets. The funding recognised CIBC’s commitment to investing in innovative, growing companies, and Landytech’s robust business plan and position in a rapidly growing market.
Landytech provided the investment management industry with a centralised and comprehensive source of truth on investment data for asset owners, managers, and advisors. As portfolios became increasingly complex, traditional systems used to manage and interpret this data were no longer sufficient. Landytech’s platform, Sesame, consolidated 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 raised $20 million USD to date. With headquarters in London and an office in Paris, the company now had over 100 employees, serviced over 70 clients, and handled over 400 custodian connections, establishing it as a well-connected investment management platform in Europe. As Landytech continued to grow, it used the funding to expand Sesame’s capabilities and extend its market presence across European regions.
Benjamin Mouté, CEO of Landytech, said: “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.”
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.”