HUBX secured $5.5 million from Barclays, Basinghall Partners and Elite.

HUBX, a London, UK-based startup developing a SAAS for helping other companies raise capital, announced that it secured a $5.5 million capital funding round.

The money was raised from investors including Barclays, Basinghall Partners, Elite and several individual investors whose name was not disclosed.

HUBX, founded in 2015 by Axel Coustere and Stephen Ong, aims to simplify and streamline the private capital raising process and related distribution channels via automation and key data insights. The company's SAAS allows organizations to effectively deploy modular, branded deal execution solutions that can be integrated with various other services and data sources through standard APIs.

HUBX works closely with startups, banking institutions, brokerages and exchanges in order to support their capital raising activities, private placement and deal syndication.