UK FinTech Coremont gains €34 million growth funding to accelerate institutional analytics platform
Coremont, a London-based fintech specializing in real-time portfolio management software and analytics, has secured a €34 million ($40 million) growth investment from funds managed by Blue Owl Capital. This strategic funding round underscores the growing interest in advanced analytics solutions for institutional investors and supports Coremont's expansion plans in the volatile market environment. The investment will fuel product development and accelerate the company's growth trajectory. The investment will be used to broaden Coremont's product coverage, expanding into new asset classes and alternative investment strategies. Further, the company plans to leverage AI to deliver advanced analytics to investment teams through natural-language interfaces and automated insights. This funding will also enhance Coremont's real-time risk management capabilities. This investment highlights the increasing demand for cloud-native alternatives to legacy portfolio management systems, especially as market volatility requires more sophisticated real-time analytics. Coremont's platform provides real-time insights across various asset classes, supporting investment professionals in making informed decisions. This funding round signifies confidence in the potential of European fintech companies.
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