Hublsoft, a York-based data company, has secured a £2 million investment from private equity manager Maven Capital Partners UK.
The company said it will use the investment as part of its inaugural funding found to five growth into new markets and customer channels.
“Data analytics is an increasingly important part of any business and we see great potential in the future of Hublsoft’s technology,” said Gareth Price, Investment Director at Maven.
Nina Searle, partner at TLT, who advised Maven on the investment, 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.”