The funding round was led by Midven with participation from the Midlands Engine Investment Fund and angel backers.
"Lexverify offers cutting-edge technology to proactively scan electronic communications in real time, and in doing so sets a new standard for risk management, employee training, and productivity growth. We are thrilled to support them on their journey to modernise the way businesses manage risk and foster a safer, more efficient, and professional workplace environment."
The financing supports the regtech pioneer as it transitions from development to live operations.
"As an investor committed to fostering innovation, we at The Cynosure Group are thrilled to continue our partnership with GSS. The strides made since our initial investment underscore the company’s potential to revolutionize the sanctions screening industry. We look forward to supporting GSS in their continued journey towards solving critical challenges with ingenuity and impact."
Equity Gap led the seed round alongside Scottish Enterprise and Innovate UK to fund artificial intelligence development.
"We would like to acknowledge the support of Investing Women Angels, which has not only been a key early investor, but has also supported and mentored us through its AccelerateHER programme"
The strategic partnership will support CUBE in scaling its global operations and enhancing its artificial intelligence compliance platform.
"The solutions we provide to our customers are missioncritical and demand the highest standards of accuracy and data quality. To deliver this at a global scale requires significant resources and infrastructure to ensure customers are always one step ahead of their evolving regulatory obligations. With Hg’s vast experience and expertise in scaling software businesses, we look forward to accelerating our growth and continuing to deliver innovative regulatory intelligence and change management solutions that customers can depend upon in the long term."