CUBE secures a major investment from Hg to accelerate growth in regulatory technology.
The strategic partnership will support CUBE in scaling its global operations and enhancing its artificial intelligence compliance platform.
CUBE provides automated regulatory intelligence and change management technology to financial institutions and other highly regulated enterprises. The company operates globally from headquarters in the United Kingdom.
CUBE has secured a significant investment from software investor Hg. The funding will support the regulatory technology company as it scales its operations, enhances its software offerings and pursues growth through acquisitions.
Founded in 2011, CUBE provides cloud-based regulatory intelligence and change management solutions to major banks, insurers and asset managers. The company utilises artificial intelligence to track and monitor laws and regulations across international jurisdictions.
Hg brings substantial software sector experience and extensive funds under management to the partnership. The investment aims to accelerate CUBE's expansion and reinforce its position in the compliance technology market.
From the founder
"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."
Ben Richmond
Founder and CEO at CUBE
Investor perspective
"CUBE is an excellent example of a business that is using technology to solve real and pressing challenges for regulated industries. We have been impressed by CUBE’s innovative approach to regulatory intelligence and change management and the strong demand for its solutions amongst regulated firms across the globe. Ben is a visionary for this sector and we are excited to partner with him and the CUBE team in achieving their growth ambitions."
Christopher Fielding
Partner, Hg
Use of funds
- 01Expand into international markets
- 02Fund acquisitions
- 03Continue product development
