Private capital raising platform, HUBX, today announced the completion of a $5.5 million (£4.2 million) funding round with the closure of the second tranche of financing.
European B2B technology venture fund Basinghall Partners, together with Barclays, ELITE and individual investors, participated in the fintech start-up’s latest funding round. The investment will be used to accelerate HUBX’s product roadmap, grow the team and scale its marketing and distribution capability.
Founded in 2015, HUBX is simplifying and connecting the private capital raising and distribution processes. Its technology leverages automation and data insights to help organisations execute transactions faster, collaborate and gain deeper insights into their networks. By accelerating deal flow and expanding revenue opportunities, HUBX’s solutions help drive efficiency savings and reduce risk for all stakeholders.
HUBX saw a surge in demand for its digital capital markets solutions in 2020, with organisations seeking digital transformation at an accelerated pace.
HUBX works with leading start-ups, banks, brokers and exchanges to support their capital raising, private placement and deal syndication activities across all financing products. Its proven cloud-based technology allows organisations to quickly deploy modular, branded deal execution solutions that integrate seamlessly with other services and data sources via APIs.
By connecting front office activities with core back office systems, institutions can fully digitise their capital raising activities and accelerate their digital transformation while leveraging legacy infrastructure.
Axel Coustere, Co-founder of HUBX, said: “There’s tremendous potential in helping organisations digitise their private capital raising and distribution activities, with current conditions accelerating the trend towards the digitisation of all transactions end-to-end. We are delighted that our investors are seeing the significant opportunity to transform private financing globally.”
Stephen Ong, Co-founder of HUBX, said: “We are excited to welcome Basinghall Partners into HUBX alongside Barclays and ELITE. This latest capital raise will support the acceleration of our product roadmap, grow the team and scale up our marketing and distribution capability.”
Andrew Irvine from Basinghall Partners added: “We are pleased to add HUBX to our portfolio and look forward to providing our network and knowledge base to further enable the HUBX opportunity. Simplifying and connecting private capital markets with the latest technology is an exciting and topical prospect.”