Hg, a private investment firm focused on European and transatlantic software and services businesses, has made a significant investment in CUBE, a specialist in automated regulatory intelligence and regulatory change management technology.
The strategic partnership will see Hg invest alongside CUBE’s Founder and CEO, Ben Richmond.
Since 2011, CUBE has partnered with banks, insurers, asset managers and other highly regulated enterprises to deliver cloud-based regulatory technology solutions to automate legal, compliance and risk functions.
CUBE’s platform offers AI-driven regulatory data covering regulated countries and territories globally. Headquartered in the UK, CUBE has operations across Europe, North America, Asia and Australia.
With $6.5bn invested in the regulatory, compliance and financial technology sectors, Hg invests in technology companies that the firm considers to be transforming their industries. In a press release. Hg said it would leverage its deep sector expertise to support CUBE in its next phase of growth, provide guidance and operational support to help the company scale its business, enhance its product offering and expand its global footprint through both organic growth and acquisitions where synergies exist for CUBE’s regulatory platform.
