CubeLogic

Market leading software for enterprise risk management

Sector
Technology
Region
London
Date of investment
June 2020
Exit date
March 2024
GCP team members
Website
Contributing Sustainable Development Goals

Background

CubeLogic provides an enterprise-grade SaaS solution that manages complex credit, compliance, liquidity & market risks for customers in the Energy, Commodities, & Financial Services sectors. 

The company’s unique RiskCubed platform leverages Business Intelligence to consolidate complex and fragmented data sources and to provide best-in-class real-time analytics, insight and reporting capabilities to its customers. 

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

With over 150 people, CubeLogic has operations in the UK, US, Germany, Singapore and India and is growing revenues at over 30% per annum. 

Our investment partnership

CubeLogic 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 was developed throughout the international team.

With 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 was a growing client base and presence in the financial services market to build from.

Underlying market drivers of digital transformation, increasing compliance complexity and demand for live data driven decision-making to support with active risk management and trading activities during market volatility, provided a positive backdrop for the next phase of growth.

Delivering the best outcomes

In February 2024, we achieved a successful realisation of our investment partnership through an exit to a new financial investor. GCP was able to deliver impressive returns for investors while supporting CubeLogic through this key stage of its international growth journey.

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:

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

Funding for growth

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

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

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

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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