LegalTech firm Kuberno has raised £3.5 million from Nasdaq Ventures.
In connection with the Series A financing, Kuberno will launch a commercial partnership with Nasdaq Governance Solutions that includes a planned product integration into Nasdaq’s suite of governance solutions.
This will help drive efficiency for corporate secretary teams as they navigate increased focus from regulators and investors on entity management.
Kuberno, based in Godalming, Surrey, uses technology to simplify the management of legal entity governance by easing reporting and enabling remote collaboration through its cloud-native product Kube.
The solution has grown significantly since launching in September 2021, becoming a product and platform relied upon by a range of clients, including household names within the FTSE 100; the Big Four professional services firms in the UK; and global clients in the US, EMEA and APAC regions.
It recently announced an integration with Insidertrack, an insider list management solution developed by Cytec and used by almost half of the FTSE 100.
“Nasdaq was our dream partner – we are aligned on mission and values and are both committed to promoting best practice in governance for companies,” said Zoe Bucknell, CEO and co-founder of Kuberno.
“Our collaboration with Nasdaq Ventures enables us to launch Kube into the global market, building on the strong, sustainable foundations we have laid over the last three years. Now more than ever, we are witnessing a greater emphasis on governance at the board and investor level as well as an increased appetite for governance tech.
“I look forward to working closely with the Nasdaq Governance Solutions team to help our customers reach the gold-standard in governance.”
Nasdaq Governance Solutions is focused on investing in modern workflow technologies, advisory and insight that empowers corporates to drive governance excellence.
Proceeds from the Series A financing will help Kuberno accelerate its international growth and expansion into new markets.
“Kuberno simplifies the increasingly complex world of legal entity management, enabling better corporate governance,” said Gary Offner, senior vice president and head of Nasdaq Ventures.
“We’re pleased to welcome Kuberno to the Nasdaq Ventures portfolio and look forward to building on the synergies between Nasdaq Governance Solutions and Kuberno to further advance governance excellence for our clients.”
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