CUBE Global (“CUBE”), a global leader in Automated Regulatory Intelligence (“ARI”), today announced a strategic growth investment from Bregal Milestone (“Milestone”), a leading technology growth capital firm with c. €1.2 billion of capital raised dedicated to investments in high-growth, market-defining technology companies.

This investment marks the first institutional equity investment for CUBE. Serving some of the world’s largest financial institutions, CUBE will leverage investment to help enhance product capabilities for customers, drive international expansion and accelerate overall growth both in terms of organization and through acquisitions.

As global regulations continue to evolve rapidly, compliance departments, especially in large financial institutions, struggle to clearly define applicable requirements and their impact across multiple sectors. industries, jurisdictions, products and services. With large financial institutions spending 10-15% of their annual operating costs on regulatory compliance and fines running into the billions, immediate action is needed.

CUBE’s RegPlatform ARI transforms complex regulatory change management and compliance processes, enabling compliance teams to significantly reduce existing costs and bring highly skilled people into the value chain while minimizing risk. By capturing changing or emerging regulations and using AI to automatically enrich and map them to customer policies, procedures and controls, CUBE solutions mean Businesses are immediately alerted to regulations affecting them. Thus, freeing up compliance departments to focus on preventing noncompliance and ensuring good governance practices.

“We are highly enthusiastic to partner with CUBE for this next phase of growth. As a founder-led, category-leading Regulatory Technology (“RegTech”) business, benefiting from powerful regulatory tailwinds and market momentum, we believe CUBE is an innovation leader, and one of Europe’s most exciting high-growth technology companies. We look forward to working with Ben and his ambitious team to further develop their business and drive growth.”

                   Philippe Lautenberg, Co-Founder and Managing Partner at Bregal Milestone.

By utilizing both the growing company’s vast experience in scaling international technology companies and its in-house value creation team, Milestone Performance Partners, this strategic growth investment from Milestone will help CUBE’s next phase of expansion. The company also plans to maintain support for CUBE’s further geographic expansion and strengthen CUBE’s technological advantage in order to enable further organic growth.

“Raising this level of investment in the current market from such a high-quality growth capital investor is a significant validation of both our market position and vision. Given the current macro environment, customers across financial services and beyond will want to partner with providers that have a strong track record and a clear vision with the ability to execute – now is the right time for us to bring in a strategic partner.”

“We are building for the long term to ensure both our customers and their stakeholder’s success. Milestone is a strategic partner for CUBE that share our vision to be a category-defining RegTech leader. Our customers can be confident in CUBE being with them every step of the way in delivering on their regulatory compliance strategy.”

                                                                             CUBE Founder & CEO, Ben Richmond.

Investec Bank Plc, which oversaw the advisory, Taylor Wessing LLP for legal advice, and Buzzacott LLP for financial and tax advice were among CUBE’s investment advisors.

On the investment, Milestone had the help of ICAG Partners for commercial due diligence, Alvarez and Marsal’s (A&M) for financial and tax due diligence, Endava Private Equity Group for technology due diligence, the Mid-market M&A Tax team at Deloitte for transaction structuring, and Goodwin for legal work. The investment’s terms were kept a secret.