Libryo secures £1.4m seed follow on investment led by Future Energy Ventures
Future Energy Ventures led the convertible note round with participation from Nextlaw Ventures and the UK Future Fund.
Libryo provides a cloud-based platform that helps organisations track and comply with environmental, health and safety regulations across multiple jurisdictions. The business aims to build a comprehensive global legal database.
Regulatory compliance software provider Libryo has secured £1.4m in a convertible note round. The investment was led by Future Energy Ventures, with additional participation from existing and new backers including Nextlaw Ventures and the UK Government, through the Future Fund.
Founded in 2016, the company offers tools designed to help multi-jurisdictional organisations manage environmental, health and safety requirements. The new capital will support the company as it expands its focus into sectors such as energy production, mining, apparel and waste management.
Libryo recently launched Libryo Assess to give organisations greater visibility over compliance and risk levels across operating sites. The platform is currently used by more than 400 customers and 15,000 users spanning over 75 countries.
From the founder
"Our positive customer feedback and strong partner support continue to give us confidence in what we are doing, and the strength to continue to make an impact. Together we will keep on having fun, making money, and doing something good as we help companies navigate an increasingly complex regulatory environment."
Malcolm Gray
CFO at Libryo
Investor perspective
"In a constantly shifting regulatory landscape, Libryo’s unique compliance management software enables users to keep pace with their regulatory and compliance requirements as their companies expand and scale,"
Jan Lozek
Managing Partner, Future Energy Ventures
