We have advised the global RegTech leader in Automated Regulatory Intelligence (ARI), CUBE Global (CUBE), with its strategic growth investment from Bregal Milestone (Milestone), a leading technology growth capital firm with c. €1.2 billion dedicated to investments in high-growth, market defining technology companies.
The investment marks the first institutional capital investment for CUBE. Serving a number of the world’s largest financial institutions, CUBE will leverage the investment to deepen product capabilities for customers, fuel further international expansion, and accelerate overall growth both organically and through acquisition.
As global regulations continue to rapidly evolve, compliance departments – particularly within larger financial institutions – are finding it increasingly difficult to clearly identify applicable requirements and their impact across multiple lines of business, jurisdictions, products, and services. Given large financial institutions are now spending between 10-15% of their operating costs on regulatory compliance each year and fines are in the billions, immediate action is needed.
CUBE’s ARI RegPlatform transforms complex regulatory change management and compliance processes, enabling compliance teams to significantly cut existing costs and move highly skilled individuals up the value chain whilst also reducing risk. By capturing changing or emerging regulations and using AI to automatically enrich and map them to customers’ policies, procedures, and controls, CUBE’s solutions mean firms are alerted to regulations that matter to them instantly. Therefore, freeing up compliance departments to focus on preventing non-compliance and ensuring good governance practices.
This strategic growth investment from Milestone will support CUBE’s next phase of expansion by leveraging both the growth firm’s extensive experience in scaling global technology companies and its in-house value creation team, Milestone Performance Partners. In addition, the firm expects to provide ongoing support for CUBE’s further geographical expansion and to extend CUBE’s technology edge for further organic growth.
Commenting on the deal corporate technology partner at Taylor Wessing, Ian Moore, said: "It has been a pleasure to work with innovation leader CUBE in its first institutional capital investment, which will set up the company for long-term success and continued growth. We are looking forward to supporting CUBE in its next exciting phase of development."
Ben Richmond, CUBE Founder & CEO, commented: “Raising investment from such a high-quality growth capital investor is a significant validation of both our market position and vision. Given the current macro economic environment, customers across financial services and beyond will want to partner with providers that have a strong track record, a clear vision with the ability to execute – and now is the right time for us to bring in a strategic partner.”
"The Taylor Wessing team provided first class guidance and support throughout the process – and always with energy and enthusiasm. It was a pleasure working with the team who demonstrated best in market expertise from start to finish”
The team at Taylor Wessing was led by Corporate Technology partner, Ian Moore with support from Joshua Gertner, Mike Glover-Smith and Abi Easton (Corporate Technology), and Gabriel Estevez and Scott Perry (Banking and Finance).
