Private capital raising platform HUBX has secured $5.5m in new funding.
The London-based venture was launched in 2015 and will use the new cash injection to meet the rising demand for its services caused by the pandemic, City A.M. reports.
“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,” said Axel Coustere, co-founder of HUBX, told the publication.
Basinghall Partners led the raise that also saw participation from Barclays, ELITE and individual investors.
In 2019, HUBX was one of the five FinTech companies named to take part in the Investment Association’s second cohort of its Velocity accelerator.
Copyright © 2021 FinTech Global
