The strategic financing marks the first institutional capital investment for the regulatory technology provider.
"We are highly enthusiastic to partner with CUBE for this next phase of growth. As a founder-led, category-leading Regulatory Technology (“RegTech”) business, benefiting from powerful regulatory tailwinds and market momentum, we believe CUBE is an innovation leader, and one of Europe’s most exciting high growth technology companies. We look forward to working with Ben and his ambitious team to further develop their business and drive growth."
— Philippe Lautenberg, Co-Founder and Managing Partner
Octopus Ventures led the Series B round, which will fund product development and international expansion.
"In a world in which volatility and complexity are increasing and the nature of work and talent are drastically changing, it is critical that organisations develop the capability and capacity to think and act differently when it comes to change and innovation"
The company has raised a fresh tranche of capital from backers including Wealth Club to drive growth across the UK and US.
"This latest round of investment in BibliU, from a hugely experienced group of investors, will only serve to further our mission to provide high-quality, accessible and vital learning resources at an affordable cost."
The Series B round was led by Fortive with backing from American Electric Power.
"After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide. This investment provides us with the capital necessary to match the growth opportunities that are increasing at an ever-faster pace as customers, employees and regulators double down on their ESG expectations,"
