Fundpath Secures £2M Investment from Fuel Ventures to Drive Expansion and Innovation

Fundpath, the critical data and business intelligence service for the wealth and asset management industry, announced the successful completion of a £2 million funding round with its venture capital partner, Fuel Ventures. This round of funding comes on the heels of a previous £4 million investment made in March 2023.

Fuel Ventures' 'Follow-On EIS Fund' and the newly launched 'VCT Fund' have both chosen to invest in Fundpath for this follow-on round. These funds, which support high-performing companies from Fuel's 'Scale-Up EIS Fund,' are part of Fuel's commitment to fostering growth in ambitious tech enterprises. With a rigorous selection process, Fuel invests in only 12-15 entities out of over 6,000 investment opportunities annually.

This funding round coincides with a significant achievement for Fundpath, as it onboards its 100th asset management firm. With a growing client base, Fundpath's critical data insights are now utilized by a substantial portion of the UK asset management industry, enhancing their ability to serve wealth management clients and prospects effectively.

Fundpath gathers data from over 1,000 wealth management organizations across the UK, Channel Islands, and Ireland, providing valuable insights to fund distribution teams, streamlining communication and enhancing professional efficiency.

The additional funding will empower Fundpath to accelerate its product development roadmap, with investments planned in people, technology, and data infrastructure. This expansion will further enhance the breadth and depth of Fundpath's services, ensuring it remains at the forefront of innovation in investment distribution.

Jamie Hinchliffe, Co-Founder, and CEO of Fundpath expressed enthusiasm about the investment, highlighting Fundpath's commitment to enabling a more effective and efficient marketplace amidst evolving investment distribution dynamics. In an environment characterized by constant change, Fundpath serves as a trusted source of truth for industry professionals.

Our two most recent milestones, passing the 100-client mark, and securing further investment from Fuel, demonstrate that what we’re doing is not only working, but is genuinely leading this industry change. With ongoing commitment and support from our investors, clients and partners, we are on course to reach our vision of becoming the accepted industry standard for investment distribution data intelligence.”

Jamie Hinchliffe, Co-Founder, and CEO of Fundpath

We continue to see enormous potential in the Fundpath value proposition. This is a company contributing to real progress, gaining significant traction, and establishing its unique position within its marketplace. Fundpath is fast becoming the central nexus of fund distribution and we’re excited to play a part in its growth.

Mark Pearson, Managing Director at Fuel Ventures