Investment reporting startup Landytech lands $12m Series B

Landytech, the startup behind investment reporting platform Sesame, has secured $12m in Series B funding.

In a round led by Aquiline Technology Growth and with additional investment from existing investor Adelie Capital, the raise follows a $6m Series A in March 2021.

As the London-based company continues to expand internationally — it opened a Paris office in 2020 — it plans to use the funds to accelerate its growth.

“Landytech was created to revolutionise the way asset owners, investment managers and advisors access asset information,” Landytech founder and CEO Benjamin Moute said.

“This funding represents a confidence in our go-to-market strategy and our vision to transform the way asset information is sourced and consumed.”

According to Landytech, its platform, Sesame, enables its clients to “streamline reporting processes” and make more informed investment decisions through investment data, analytics and reporting tools.

The startup has a client base of single and multi-family offices, trustees and asset managers across 15 countries.

“Family offices are a fast-growing segment of the wealth management industry with increasing complexity because of the proliferation of asset classes including private markets and alternatives, and the need for transparency and compliance has never been greater,” Aquiline Capital Partners chairman and CEO Jeff Greenberg said. 

“Landytech’s software was built specifically to cater to the needs of this market, and we believe it is uniquely positioned to capitalise on this growth.”