Hublsoft raises £2m in Series A funding led by Maven to expand its data analytics platform.
Maven Vcts has led a £2m Series A round in data analytics provider Hublsoft to support product development and international expansion.
Hublsoft provides a scalable software platform that simplifies data analytics and visualisation for corporate decision makers. Its interface enables both technical and non-technical users to collaborate and perform on-demand analysis.
Data analytics specialist Hublsoft has raised £2m in a Series A funding round led by Maven Vcts. The company has developed a software platform designed to simplify big data analysis, filtering options through natural language and intuitive infographics.
The fresh capital will be deployed to advance product development and bolster sales and marketing operations. Hublsoft intends to use the investment to deepen its presence in the UK market while expanding its reach across Europe.
The business currently serves a growing roster of blue-chip clients, including major technology service providers. Maven's investment aims to help the company scale operations to meet rising corporate demand for data visualisation tools.
From the founder
"We’re excited to bring new technology to support businesses at a time they are facing some of their greatest challenges. We’ve an exceptional team and a brilliant product, together we’ve made a big impression so far and have no doubt in the impact we can make in the future. We are absolutely thrilled to welcome Maven on board."
Nick Cowlen
CEO at Hublsoft
Investor perspective
"Hublsoft has developed an innovative proprietary data visualisation product which is addressing a large and growing corporate market and, despite the company still being at a relatively early stage, it has already been successful in attracting an impressive range of blue chip clients with a low churn rate. The market opportunity is significant, and Maven’s investment will enable the business to scaleup and capitalise on the increased demand from brands to utilise big data to make improvements to the retail and wholesale performance of their products. Today’s funding highlights Maven’s ongoing commitment to support fast growing UK businesses."
Gareth Price
Investment Director, Maven
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
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About the company
Hublsoft
Hublsoft simplifies data analytics and visualisation for corporate decision makers through a scalable software platform.