Instinct Digital, a leading SaaS provider known for its advanced investor reporting solutions, has successfully closed a £5m Series A funding round.
This financial boost comes with strong backing from AlbionVC, a prominent venture capital firm in London, according to a report from Business Cloud.
The funds will be instrumental in helping Instinct Digital onboard new clients, deepen existing partner integrations, and expand its geographic footprint, particularly into the United States.
At its core, Instinct Digital specialises in providing a cloud-based investment reporting and communication platform. This platform is adept at acquiring and aggregating reporting assets from various internal and external sources, which it then unifies, manages, and optimizes.
Key functionalities include streamlined report production, distribution, analytics, and the digitisation of communications. These features collectively foster significant time and cost efficiencies, with clients reporting improvements of at least 70% in delivery times and enhanced quality and accuracy across 37 languages in 40 countries. This level of efficiency is critical for maintaining brand consistency and adhering to stringent regulatory compliance standards.
Robert Whitby-Smith, partner at AlbionVC, commented: “When the market-leading solution meets a large market with an urgent need for innovation, great things happen. The team behind Instinct Digital have a track record of success in both the industry they are providing a solution for, and in scaling enterprise software businesses.
“Cassian is an ambitious CEO with an exceptional team who is executing at pace, motivated by the large market opportunity. We are delighted to partner with Cassian and Team Instinct as they build the category leader in investment communication and reporting.”
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