Maven VCTs invest in data analytics specialist Hublsoft
We are pleased to announce that the Maven VCTs have invested £2 million in technology business HubIsoft, which is challenging the way data analytics is exploited to better inform corporate decision makers. Over the past two decades the volume of information has exploded and, coupled with the rising complexity of analysing and modelling this data, businesses are finding it increasingly difficult to process the information they own, and trust in its validity to underpin important decisions.
Hublsoft’s scalable SaaS platform simplifies the analysis of big data, filtering options in natural language and intuitive infograhics for ease of use. Its smart user interface enables the process to be more accessible and engaging, opening up the opportunities of big data for clients who had previously found this field overly complicated or heavily reliant on third parties.
Technical and non-technical users are able to collaborate and perform on-demand analysis and storytelling on Hublsoft. This approach helps fuel collaboration and shared understanding, overcoming organisational boundaries & silos where data is disconnected and complex, helping reduce costs and improve time to value for its clients.
Hublsoft will use the funding from Maven to further develop the platform and invest in its sales and marketing resource to help expand in the UK and penetrate new markets across Europe. Its software is now being used by a growing number of blue-chip clients, including global leaders in the technology service provider market.
“Hublsoft has developed an innovative proprietary data visualisation product which is addressing a large and growing corporate market and, despite the company still being at a relatively early stage, it has already been successful in attracting an impressive range of blue chip clients with a low churn rate. The market opportunity is significant, and Maven’s investment will enable the business to scaleup and capitalise on the increased demand from brands to utilise big data to make improvements to the retail and wholesale performance of their products. Today’s funding highlights Maven’s ongoing commitment to support fast growing UK businesses.”
Gareth Price, Investment Director at Maven
“We’re excited to bring new technology to support businesses at a time they are facing some of their greatest challenges. We’ve an exceptional team and a brilliant product, together we’ve made a big impression so far and have no doubt in the impact we can make in the future. We are absolutely thrilled to welcome Maven on board.”
Nick Cowlen, CEO at HubIsoft