Series A12 September 2022

Ruleguard secures £3.5m from Foresight Group to scale operations

Foresight Group backed Ruleguard with a £3.5m growth equity investment to expand its software capabilities and market reach.

£3.5MSeries A

Ruleguard is a London based SaaS provider offering regulatory governance, risk and compliance software for financial institutions. The company supports a blue-chip customer base with tools for managing complex regulatory frameworks.

Ruleguard has secured £3.5m in a growth equity investment from Foresight Group. The funding, provided through two of Foresight's VCTs, will be used to develop additional platform capabilities and scale up sales and marketing operations.

Established in 2013 by John O'Dwyer, Ruleguard provides compliance software designed to help financial institutions navigate regulatory burdens. The company has experienced rapid growth by serving a prominent roster of asset managers, banks and wealth managers.

Foresight Group selected Ruleguard for its strong recurring revenues, high customer retention and positioning within the expanding regulatory technology market. The latest capital injection will enable the firm to expand internationally and broaden its regulatory coverage.

From the founder

"We had a lot of interest in our equity raise from the VCT sector and held numerous conversations with potential partners, but Foresight was the ideal fit. What stood out was the quality of their people, their skill at relationship building, their obvious integrity and their passion for the technology sector. Foresight understood our ambition and unique proposition for our clients better than most and we are excited that this meeting of minds will accelerate our growth as RegTech continues to transform the financial sector."

John O'Dwyer

CEO at Ruleguard

Investor perspective

"Ruleguard represents a great opportunity to invest in a rapidly growing Reg Tech business with high quality recurring revenues and excellent customer feedback. The Company’s target market is large and expanding, with increasing regulatory complexity necessitating increased adoption of specialised technology. Ruleguard’s well-rounded team is well placed to drive further rapid growth, and we look forward to being part of the Company’s next growth stage."

Stephan Gueorguiev

Investment Director, Foresight Group