CUBE and Hg unite to create industry defining regulatory compliance and risk platform

CUBE and Hg unite to create industry defining regulatory compliance and risk platform

Amanda Khatri

Editorial Manager

Posted: 2024-03-20

LONDON, UK: 20th March, 2024

CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) technology, announces today that it has secured a significant investment from Hg, a leading investor in European and transatlantic software and services businesses.


The strategic partnership will see Hg invest alongside CUBE’s founder and CEO, Ben Richmond, and marks a pivotal step in CUBE’s mission to revolutionise regulatory intelligence and change management in highly regulated industries.

Since 2011, CUBE has established itself as a trusted partner for many of the world’s leading banks, insurers, asset managers, and other highly regulated enterprises to deliver its cloud-based regulatory technology solutions to automate legal, compliance, and risk functions.


CUBE’s platform offers a comprehensive and robust source of classified, and meaningful AI-driven regulatory data covering every regulated country and territory across the globe. Headquartered in the UK, CUBE has operations across Europe, North America, Asia, and Australia.


Ben Richmond, Founder and CEO of CUBE, said: "The solutions we provide to our customers are mission-critical and demand the highest standards of accuracy and data quality. To deliver this at a global scale requires significant resources and infrastructure to ensure customers are always one step ahead of their evolving regulatory obligations. With Hg's vast experience and expertise in scaling software businesses, we look forward to accelerating our growth and continuing to deliver innovative regulatory intelligence and change management solutions that customers can depend upon in the long term."


Richmond continues: “From foundation, CUBE has embraced the use of AI in everything we do, and now in the era of generative AI the opportunities to drive further customer value in both realising efficiencies and reducing risk are significant. Quality and governance of AI is at the forefront of customers’ agendas and CUBE will continue to invest significantly to deliver the industry’s highest standards in this regard along with continued market-leading innovation, ultimately creating an industry-defining regulatory compliance and risk platform.”

With $6.5bn invested in the regulatory, compliance, and financial technology sectors alone, Hg invests in technology companies that are transforming their industries. Hg will leverage this deep sector expertise to support CUBE in its next phase of growth, providing strategic guidance and operational support to help the company scale its business, enhance its product offering, and expand its global footprint through both organic growth and acquisitions where synergies exist for CUBE’s regulatory platform.


Christopher Fielding, Partner at Hg, said: "CUBE is an excellent example of a business that is using technology to solve real and pressing challenges for regulated industries. We have been impressed by CUBE’s innovative approach to regulatory intelligence and change management and the strong demand for its solutions amongst regulated firms across the globe. Ben is a visionary for this sector and we are excited to partner with him and the CUBE team in achieving their growth ambitions."


Thomas Martin, Principal at Hg, said: "We have spent the last two years focusing on this sector and it’s clear that CUBE has built a unique platform that scales to the most demanding customer requirements and is highly differentiated in its ability to deliver. We are excited to be working with CUBE and their customers over the coming years building out transformational capabilities in managing compliance risk.”


The terms of the transaction have not been disclosed.

Read the Hg press release

For further information, please contact:


Amanda Khatri


Tom Eckersley

About CUBE

CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.

With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.

This industry is characterised by digitisation trends that are in the early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world-class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their businesses – businesses that are well invested, enduring, and serve their customers well.

With a vast European network and a strong presence across North America, Hg’s 400 employees and $65 billion in funds under management support a portfolio of more than 50 businesses, worth over $130 billion aggregate enterprise value, with over 100,000 employees, consistently growing revenues at more than 20%.