Kuberno, a global provider of legal entity management software, has closed its Series A funding round with a total of £9.5 million, including a recent £6 million investment from Barclays and Nasdaq Ventures.
This capital injection follows Nasdaq Ventures’ initial investment in March 2023, and Kuberno has since achieved impressive growth, tripling its annual revenue and expanding its workforce fourfold to support a growing global client base, particularly in the US.
Kuberno’s platform, Kube, provides a centralised and automated solution for managing and analysing entity data, enabling collaboration across governance, tax, finance, and legal teams. Recent platform updates include Kanvas, a data visualisation tool for interactive analysis of entity relationships, bringing enhanced efficiency to compliance and governance processes.
The additional funding will support Kuberno’s continued global expansion, with a focus on the US market and new AI-powered features that convert entity data into actionable insights. Barclays is also adopting Kuberno’s software for its own legal entity management, further solidifying the partnership.
“We’re delighted to partner with Barclays as both a customer and investor and to deepen our relationship with Nasdaq Ventures,” said Zoe Bucknell, CEO and Co-Founder of Kuberno. With this funding, Kuberno aims to “supercharge” the Kube platform, empowering enterprises to streamline governance and compliance while focusing on value-added tasks.
Ryan Hayward, Head of Strategic Investments for Europe and Asia at Barclays, praised the Kube platform, noting its potential to transform governance processes for global organisations. Gabriella Halasz-Clarke, Vice President of Governance and ESG Solutions at Nasdaq, emphasised the collaboration’s goal of driving “governance excellence” through innovative products for corporate clients.