York data analytics platform secures £2m investment from Maven

A York data company has secured multi-million pound investment from private equity manager Maven Capital Partners UK.

Hublsoft, which specialises in data analytics for businesses, has secured £2m from the investment specialist.

The firm plans to use the investment as part of its first funding round to drive growth into new markets and customer channels.

Gareth Price, investment director at Maven, commented: “Data analytics is an increasingly important part of any business and we see great potential in the future of Hublsoft’s technology.”

Law firm TLT advised Maven on the investment. Gareth explained: “TLT has incredible depth of experience in the growth capital and tech scale up markets and we have always been impressed by their knowledge and advice.”

Nina Searle, partner at TLT, added: “Despite lockdown, we’ve seen a sustained appetite for investment in robust technology propositions such as Hublsoft.

“Tech platforms will have a starring role in the UK’s economic recovery, and I’d expect to see a growing interest in life sciences and technologies that have a renewed purpose in the world.

“We are really pleased to have partnered with Gareth and the team at Maven again.”