REG raises £2.4m in Series C funding from Shawbrook Bank and Disruptive Capital Finance to expand globally.
The funding round was backed by Shawbrook Bank and Disruptive Capital Finance to support international growth and platform development.
London-based REG provides data analytics and risk management solutions for the global insurance and financial services sectors. Founded in 2013, the company helps firms streamline compliance and due diligence processes.
London-based REG has secured £2.4m in a Series C funding round to support its continued global expansion and bolster its sales functions. The financing comprises a £1.8m growth capital facility from Shawbrook Bank, alongside participation from existing backer Disruptive Capital Finance and founder Michael Phair.
Established in 2013, the company offers cloud-based compliance and risk management tools tailored to the insurance sector. The fresh capital will allow the firm to scale operations internationally and enhance its technology platform as it serves major clients across the market.
From the founder
"This facility not only provides scope for further growth but is also a validation of what we’ve already achieved."
Michael Phair
CEO and founder at REG
Investor perspective
"By understanding the dynamics of the business after four successful years of trading, it’s vital that we can offer flexibility – particularly when it comes to covenants and warrants."
Will Chappel
Head of Growth Capital, Shawbrook Bank
Use of funds
- 01Invest in sales and marketing
- 02Expand into international markets
- 03Continue product development
- 04Grow the team
