Deal fuels continued global expansion and integration of AI into Kuberno’s cutting edge legal entity management platform
London, 31st October 2024: Kuberno, the global legal entity management SaaS provider, has closed on an additional £6M of financing from Nasdaq Ventures and Barclays, concluding its Series A round with £9.5M of total capital raised. Since closing on the first tranche of funding from Nasdaq Ventures in March 2023, Kuberno has delivered 3x annual revenue growth and quadrupled its headcount to support rapid global expansion, including the launch of its US subsidiary in Q1 2024. Since launch, the company has successfully onboarded several publicly listed US clients with multi-billion dollar market capitalizations.
Kuberno’s growth has been supported by both Series A investors. In connection with Nasdaq’s initial investment in the company, Kuberno and Nasdaq entered into a global referral partnership that will be enhanced with a product integration into Nasdaq’s suite of governance solutions to better support mutual clients. Barclays is in the process of adopting Kuberno’s software to support management of its legal entities.
This latest round of investment will be used to fuel Kuberno’s sustainable growth through continued global expansion, with a focus on the US market, and new product features, including AI powered tools, that turn entity data into actionable insights for governance, tax, finance and legal teams.
Kuberno’s cutting edge legal entity management platform – Kube – provides a single source of trusted entity data for global organisations. Intelligent workflows and automation powers up collaboration across teams and jurisdictions, delivering streamlined governance and compliance which frees up teams involved in entity management from more administrative tasks. Kuberno users have more time to add value through their professional expertise and insights. Kanvas, Kuberno’s new data visualisation tool, enables the analysis of entity relationships through interactive charting – bringing entity data to life.
Zoe Bucknell, CEO and Co-Founder of Kuberno, said: “We have invested heavily in data architecture and leveraged our governance expertise to build data structures that ensure the utmost integrity around entity data, which enables the development of highly accurate and time-saving AI features. Thanks to this funding round, we can supercharge the Kube platform to empower enterprises to manage, analyse and visualise entity data in a way that will transform day-to-day operational efficiency. We’re delighted to be partnering with Barclays as both a customer and investor, and to see our relationship with Nasdaq Ventures go from strength to strength.”
Ryan Hayward, Head of Strategic Investments for Europe and Asia at Barclays, said: “We’ve witnessed the power of the Kube platform first hand and were really impressed. There is huge scope for technology to dramatically improve how governance is delivered in organisations across the globe. The future plans for the Kube platform are really exciting and we look forward to seeing how the technology evolves.
Gabriella Halasz-Clarke, Vice President of Governance and ESG Solutions at Nasdaq said: “We are excited to expand our relationship with Kuberno to empower mutual clients with modern workflow technologies that help them drive governance excellence. Kuberno complements our existing portfolio suite and we look forward to collaborating on innovative products to bring greater efficiency for corporates.”
About Kuberno
Kuberno is at the forefront of revolutionizing governance technology through innovative solutions that enhance efficiency and transparency. Our global legal entity management platform, Kube, and team of passionate experts empower organizations to navigate the complexities of compliance and governance. We are dedicated to providing valuable insights, advanced tools, and exceptional support, enabling our clients to thrive in an ever-evolving landscape. www.kuberno.com
About Nasdaq Ventures
Nasdaq Ventures is a global venture investing program of Nasdaq, Inc. (Nasdaq: NDAQ) focused on cultivating talent and technology advancement within financial services, spurring innovation that aligns with key themes including data and analytics, anti-financial crime, market infrastructure, ESG, and more. To learn more, visit: www.nasdaq.com/nasdaq-ventures.
About Barclays
Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
For further information about Barclays, please visit our website home.barclays
Kuberno Media Relations Contacts:
Clo Davey, Mob: + 44 (0) 7795 203 181/ clo@farrerkane.com
William Dobinson, Mob: + 44 (0) 7488 396 482 / williamdobinson@farrerkane.com
