London-based enterprise SaaS startup Kuberno raises £9.5M Series A co-led by Barclays and Nasdaq Ventures

Kuberno, a global SaaS provider specializing in legal entity management for enterprises, has raised an additional £6 million in financing from Nasdaq Ventures and Barclays, finalizing its Series A round with £9.5 million ($12.25 million) in total funding.

Following its initial funding from Nasdaq Ventures in March 2023, Kuberno has seen threefold revenue growth and quadrupled its team to support rapid international expansion, including the launch of its U.S. subsidiary in Q1 2024. Since then, the company has onboarded several high-profile U.S. clients with multi-billion dollar market capitalizations.

Kuberno plans to use the new funding to support further global expansion, with a strong focus on the U.S. market, and to introduce new product features. These include AI-powered tools designed to transform entity data into actionable insights for governance, tax, finance, and legal teams.

Founded in 2020 by CEO Zoe Bucknell, Jay Dodd, and Richard Wilson, Kuberno offers a collaborative and adaptive platform that serves as a central resource for governance data, providing a comprehensive view of entity management. Its flagship product, Kube, combines entity management with a specialized practice management system for corporate secretariats, streamlining governance tasks and improving efficiency.

Since its launch, Kuberno has onboarded several publicly listed U.S. clients and has partnered with Barclays to integrate Kuberno’s software to enhance its legal entity management processes. This Series A funding will allow Kuberno to continue its U.S. market focus and introduce new features, including AI-powered tools that turn entity data into insights for governance, tax, finance, and legal functions.

The company’s partnership with Series A investors, Nasdaq and Barclays, has strengthened its growth. Kuberno and Nasdaq, following the initial investment, formed a global referral partnership, which includes integrating Kuberno’s solutions into Nasdaq’s governance suite. Barclays is currently adopting Kuberno’s software to support its legal entity management needs.

Kuberno’s legal entity management platform, Kube, serves as a single source of reliable entity data for global organizations. It utilizes automation and intelligent workflows to improve collaboration across teams and locations, making governance and compliance processes more efficient and freeing teams from administrative tasks. With Kuberno’s new data visualization tool, Kanvas, users can analyze entity relationships through interactive charts, offering a clear and comprehensive view of entity data.

CEO Zoe Bucknell remarked, “We have invested heavily in data architecture and leveraged our governance expertise to build data structures that ensure the utmost integrity around entity data, which enables the development of highly accurate and time-saving AI features. Thanks to this funding round, we can supercharge the Kube platform to empower enterprises to manage, analyze, and visualize entity data in a way that will transform day-to-day operational efficiency. We’re delighted to be partnering with Barclays as both a customer and investor, and to see our relationship with Nasdaq Ventures go from strength to strength.”

Ryan Hayward, Barclays’ Head of Strategic Investments for Europe and Asia, commented, “We’ve witnessed the power of the Kube platform firsthand and were really impressed. There is huge scope for technology to dramatically improve how governance is delivered in organizations across the globe. The future plans for the Kube platform are really exciting and we look forward to seeing how the technology evolves.”

Gabriella Halasz-Clarke, Vice President of Governance and ESG Solutions at Nasdaq, added, “We are excited to expand our relationship with Kuberno to empower mutual clients with modern workflow technologies that help them drive governance excellence. Kuberno complements our existing portfolio suite and we look forward to collaborating on innovative products to bring greater efficiency for corporates.”