CubeLogic

Market leading software for enterprise risk management

Sector
Technology
Region
London
Date of investment
June 2020
GCP team members
Website
Contributing Sustainable Development Goals

Background

CubeLogic is a market leading enterprise SaaS business focused on risk management solutions for the energy, commodities and financial markets. The products deliver business intelligence enabled solutions for monitoring and managing exposures arising from credit risk, market risk and regulatory compliance.

There are over 100 people employed across offices in London, Swansea, Houston, Berlin and Bangalore and the business is expanding rapidly through new client wins and cross-selling of its modular platform solutions and professional services.

We partnered with founders Lee Campbell, David Priestley and their team through a minority investment in June 2020.

Our investment partnership

CubeLogic has leveraged its leading technical software product capability and risk management expertise to demonstrate an impressive track record of international growth since its formation in 2009. At the same time a positive, growth focused people culture has been developed throughout the international team.

Holding a leading market position in credit risk management software for energy and commodities trading organisations and an increasing reputation for market risk and regulatory compliance products, there is now a growing client base and presence in the financial services market. 

Underlying market drivers of digital transformation, increasing compliance complexity and demand for live data driven decision making provide a positive backdrop for the next phase of growth.

Strategic support through our Growth Toolkit

Since our investment we have closely supported Lee, David and their team with numerous strategic growth initiatives, leveraging our Growth Toolkit and Network:

Driving Growth

  • Strategy prioritisation and definition
  • Marketing approach and refinement of product priorities
  • Recruitment of US based Chief Revenue Officer and additional sales resources for both EMEA and USA.
  • Investment in additional software development and delivery resources across UK, USA, and India
  • Opening of new Swansea based development hub
  • Development of international and FS sub sector go to market approaches
  • Assessment of strategic acquisitions

People & Organisation

  • Creation of an Executive Board and wider leadership team to support management bandwidth and founder succession plans
  • Recruitment of experienced technology sector Chair
  • Recruitment of COO and subsequent development of delivery KPIs and management processes
  • Support for employee engagement initiatives, people development strategy and creation of ESG committee
  • Support for wider equity participation through new equity options scheme

Systems & Processes

  • Recruitment of CFO and subsequent finance function development
  • Investing in new ERP systems – introduction of implementation partners
  • Investing in new CRM and automated marketing tools
  • Investing in new software development collaboration and automation tooling

Funding for growth

  • GCP led banking process to refinance incumbent lender and secure working capital facilities to support growth

Doing the right thing - our role in sustainable investing

CubeLogic places significant emphasis on training, development and culture across its international business.

  • Focussed diversity agenda with appointment of first female member to the Board in December 2021 and identification of rising stars across the organisation for leadership and talent development initiatives.
  • Implemented team building/people culture training across the organisation during pandemic remote working.
  • Recently established an ESG committee made up of team members from across all levels of the organisation who will define and drive ESG initiatives.
  • Launched an employee engagement survey and follow up development plan in 2021.

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