UK FinTech Coremont gains €34 million growth funding to accelerate institutional analytics platform

Core Points - Coremont, a London-based provider of portfolio management software, has secured a €34 million ($40 million) strategic growth investment from Blue Owl Capital to enhance its product offerings and capabilities [1][5] - The investment will focus on expanding product coverage into new asset classes, utilizing AI for advanced analytics, and improving real-time risk management [1][6] Company Overview - Coremont was founded in 2018 and specializes in cloud-enabled, multi-asset class portfolio management software and analytics for asset managers, hedge funds, and financial institutions [5] - The platform provides real-time insights across various asset classes, including fixed income, equities, currencies, and commodities, supported by modern technology infrastructure and API integration [5] Strategic Growth Priorities - Expanding product coverage to include emerging asset classes and alternative investment strategies [7] - Democratising access to advanced analytics through AI, enabling investment teams to utilize natural-language interfaces and automated insights [7] - Enhancing real-time risk management capabilities, including live portfolio monitoring, stress testing, and scenario analysis to support investment decision-making [7] Market Context - The investment in Coremont is part of a broader trend, with related companies attracting approximately €86 million in funding, indicating strong investor interest in finance-software and analytics platforms [4] - Other companies in the sector, such as Allasso, Fundment, Finary, and Grasp, have also secured significant funding to develop their analytics and investment tools [3][4]