Funding round
FNZ Growth
Reported as "Growth Equity"
FNZ, which works in wealth management technology platform development in Edinburgh, raised $650M in a Growth round announced on 12 Nov 2025. 10 firms took part, 10 of them already investors. It is FNZ's second venture round on record; the one before was a Growth in Feb 2022.
$650M
Amount raised
Not disclosed
Post-money valuation
10
Investors
no lead named
Valuation
What this round says about the price
FNZ did not disclose a valuation in this round; its last disclosed one was $20.00B at the Growth (Feb 2022). It came 45 months after FNZ's Growth. It is 26% of the $2.50B FNZ has raised in the venture rounds on record. FNZ raised again 10 months later: a Growth round of $450M in Sep 2026.
Investors
Who put money in
10 firms took part; no lead investor was named.
Investors
- La Caisse backs 43 venture-backed companies existing investor
- Generation Investment Management existing investor
- Canada Pension Plan Investment Board existing investor
- backs 40 venture-backed companies existing investor
- Aberdeen Group PLC existing investor
- Aviva PLC existing investor
- FirstCape existing investor
- Ninety One existing investor
- Nucleus Financial Platforms existing investor
- Temasek backs 195 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
22 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $65M, and this round was 10 times the median. The closest in time, other companies' Growth rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 14 Nov 2025 | $216M | not disclosed | not named |
| Wealthsimple Investment Consultants & Financial Advisors | 27 Oct 2025 | $540M | $7.10B | Dragoneer Investment Group and GIC |
| Investment Consultants & Financial Advisors | 22 Oct 2025 | $70M | not disclosed | Illuminate Financial |
| Investment Consultants & Financial Advisors | 3 Sep 2025 | $147M | not disclosed | Winklevoss Capital and Nakamoto |
| Investment Consultants & Financial Advisors | 16 Aug 2025 | $50M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 27 Aug 2025 | $30M | not disclosed | Aquiline Capital Partners and Brewer Lane Ventures |
| iCapital Investment Consultants & Financial Advisors | 10 Jul 2025 | $820M | $7.50B | T. Rowe Price and SurgoCap |
| Investment Consultants & Financial Advisors | 31 Jul 2025 | $150M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did FNZ raise in its Growth round?
FNZ raised $650M in its Growth round, announced in Nov 2025.
Which investors took part in FNZ's Growth round?
La Caisse, Generation Investment Management, Canada Pension Plan Investment Board, Motive Partners, Aberdeen Group PLC and Aviva PLC and 4 more.
What was FNZ's valuation at the Growth round?
It was not disclosed; its last disclosed one was $20.00B at the Growth (Feb 2022).
How does it compare with other Growth rounds in Investment Consultants & Financial Advisors?
22 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $65M, and this round was 10 times the median.
Did FNZ raise again after this round?
Yes: a Growth round in Sep 2026 of $450M.