Instinct Digital, a prominent London-based SaaS provider specializing in fund and investor reporting, has successfully closed a €6 million Series A funding round led by AlbionVC. This new investment will help the company onboard and support new clients, enhance partner integrations, and expand into new markets, including the United States.
Cassian Scott, CEO of Instinct Digital, expressed his excitement about the partnership with AlbionVC, stating, “We are thrilled to collaborate with AlbionVC for the next phase of our journey. Our esteemed clients, along with our dedicated partners and team, have been crucial to our success. We have built a product poised to set the standard in investment communications and reporting. On behalf of the Board and the Executive team, I extend my sincere thanks to all who have chosen and supported, and those that continue to support, our firm.”
The global market for investment customer and internal reporting software is estimated at around $10 billion. Asset managers often face significant challenges in delivering consistent data and insights due to poor data quality, multiple data sources, and outdated solutions. As a result, many firms are turning to digital solutions for middle and back-office services, with customer reporting emerging as a critical area for improvement. Additionally, increasing efficiency pressures and new regulatory demands add to the complexity, making manual reporting efforts increasingly unsustainable.
Instinct Digital aims to address these challenges with its cloud-based investment reporting and communication platform. The platform gathers and aggregates reporting assets from various internal and external sources, unifying, managing, and optimizing all reporting operations. This includes report production, distribution, analytics, and the digitization of communications. Clients have reported significant time and cost efficiencies, with at least a 70% improvement in delivery times, and enhanced quality and accuracy in reporting. The platform supports 37 languages across 40 countries, ensuring brand consistency and regulatory compliance.
Robert Whitby-Smith, Partner at AlbionVC, praised the investment, saying, “When a market-leading solution meets a large market with an urgent need for innovation, great things happen. The Instinct Digital team has a proven track record of success in both the industry they are addressing and in scaling enterprise software businesses. Cassian is an ambitious CEO with an exceptional team executing at pace, driven by the significant market opportunity. We are excited to partner with Cassian and the Instinct team as they build the category leader in investment communication and reporting.”
Instinct Digital’s innovative approach to investment reporting and communication is poised to transform the industry. By addressing key pain points faced by asset managers, their platform not only improves efficiency and accuracy but also ensures compliance with regulatory standards. As the company continues to expand and innovate, it is well-positioned to become the industry benchmark in investor reporting.
