Kube Networks (KubeNet) has received a £2.25m investment from Maven Capital Partners, with funding provided through Maven Investor Partners that will support KubeNet’s ambitious growth plans, which include both organic expansion and a targeted buy-and-build strategy.
A first bolt-on acquisition is expected to complete in the coming weeks providing an immediate increase in scale and offering significant synergy potential.
The investment from Maven’s private equity co-investment network will assist KubeNet in executing its buy-and-build strategy, as well as continuing to drive its organic growth, following a 27% increase in revenues over the past two years, by expanding its customer base and increasing upselling opportunities.
The funding will also support investment in marketing, strengthening brand awareness and customer engagement as the business scales.
Fraser Ferguson, Director at KubeNet (pictured) said: “Partnering with Maven marks a significant milestone for KubeNet and we are looking forward to working with a private equity firm that shares our vision and importantly, understands our sector.
“At KubeNet we have a clear M&A strategy to align with our current organic growth, and this investment will accelerate our growth plans and further scale our solutions to a wider UK market."