Thought Machine

Investor: Unnamed tier 1 bank

Thought Machine, a prominent provider of cloud-native core banking technology, has announced a significant capital raise totaling £75 million. This includes a new £30 million investment from an unnamed tier 1 bank and the disclosure of a previously unpublicized £45 million Series E funding round completed in July 2025 with existing shareholders.Summary of transaction details:Value: £75,000,000Sector: Fintech & Core Banking TechnologyAdvisor: Not disclosedKey Entities: Target: Thought Machine; Lead Investor (new funding): Unnamed Tier 1 Bank; Investors (Series E): Existing ShareholdersLocation: London (HQ mentioned), expanding globally including Lisbon and Miami offices.Note: This funding injection is poised to accelerate Thought Machine's global expansion, enhance its product offerings, and solidify its leadership in the tier 1 banking market. The company has demonstrated strong commercial success, exceeding $100 million in revenue and achieving positive free cash flow, indicating a robust growth trajectory despite challenging IPO conditions.

Investor: Temasek, Intesa Sanpaolo, Lloyds TSB Group

Investor: Morgan Stanley, ING, SEB, Intesa Sanpaolo, Eurazeo, Lloyds Banking Group, JPMorgan Chase, Temasek

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