According to EU-Startups, London-based FinTech Coremont has secured a €34 million strategic growth investment from funds managed by Blue Owl Capital. The funding, announced in 2025, is aimed at accelerating the company’s technology and product roadmap. CEO Jev Mehmet stated the investment will help expand product coverage into new asset classes and broaden access to advanced analytics using AI. The capital will also strengthen Coremont’s real-time risk management capabilities for institutional clients like asset managers and hedge funds. Mark Schachter, a Managing Director at Blue Owl, cited Coremont’s role as a critical partner to leading investment managers as a key reason for the backing.
Big money for big finance
Here’s the thing: €34 million is a serious chunk of change, especially in the current climate. But it makes sense when you look at what Coremont is building and who it’s for. We’re talking about the core operating system for massive investment funds—the software that handles real-time risk across everything from bonds to commodities. This isn’t a consumer budgeting app; it’s industrial-grade financial infrastructure. And when you’re selling to institutions, the sales cycles are long, the compliance hurdles are enormous, and the tech stack has to be bulletproof. That all costs a fortune to develop and scale. So this round from Blue Owl isn’t just growth capital; it’s essentially war chest to go head-to-head with legacy vendors that have dominated this space for decades.
The 2025 FinTech funding context
The article places this deal in a useful context, noting several other European funding rounds in adjacent spaces this year. You had Allasso for options analytics, Fundment for adviser platforms, Finary for wealth management, and Grasp for workflow automation. Together, they pulled in about €86 million. Now, Coremont’s single €34 million round is nearly 40% of that combined total. What does that tell us? It signals that investor conviction—and the required check size—is highest for the platforms that sit deepest in the institutional workflow. Tools for traders or advisers are one thing, but the core portfolio and risk management system? That’s the central nervous system of a fund. Getting that right, and getting clients to migrate to it, is a harder problem to solve. But the payoff for the winner is potentially much, much bigger.
The push into AI and beyond
Coremont’s plan for the cash is pretty clear: new asset classes, more AI, and better risk tools. The AI part is the buzzword everyone expects, but it’s actually critical here. The value isn’t in a chatbot for your portfolio; it’s in using machine learning to surface hidden risks or correlations in massive, multi-asset datasets in real time. That’s a game-changer in volatile markets. The expansion into new asset classes is just as strategic. It’s a land grab. By covering more of the market, they become a one-stop-shop, reducing the need for their clients to stitch together a dozen different niche systems. That lock-in is incredibly powerful. Basically, they’re using this funding to widen their moat and deepen their product, making it even harder for a competitor or a client to justify building this in-house.
Why this matters now
Timing is everything. Coremont cites strong growth as firms seek cloud-native alternatives to legacy systems, especially with volatile markets demanding better analytics. I think that’s the key. For years, big finance ran on on-premise software from the 90s. The cloud transition in this sector is later than others, but it’s happening. And market turmoil is the ultimate catalyst. When things get shaky, not knowing your real-time exposure is terrifying. Legacy systems that batch-process risk overnight are suddenly unacceptable. Coremont is positioning itself as the modern, real-time answer to that existential problem. If they can execute, this €34 million will look like a bargain for Blue Owl. The question is, can they move fast enough to capture this wave before the legacy giants finally get their own cloud acts together?
