London-based HUBX (The Hub Exchange Limited) simplifies private capital raising and distribution processes. It helps top sell-side and buy-side financial institutions across the world including stock exchanges, banks, brokerage and asset management firms meet deal execution deadlines and minimise costs dramatically.
Recently, HUBX announced that it completed £4.2M funding in a second round. The investment round was led by European B2B technology venture fund Basinghall Partners along with participation from Barclays, ELITE, and individual investors. The fund will be used to accelerate the product roadmap of HUBX, grow its team and scale both its marketing and distribution capabilities.
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.”
Digital transformation on the rise
In 2020, HUBX saw a surge in demand for its digital capital markets solutions with organisations accelerating their 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 and universities, then we can fully digitise their capital raising activities and accelerate their digital transformation while leveraging legacy infrastructure.
Founded in 2015 by Axel Coustere and Stephen Ong, HUBX’s 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.
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