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17th July 2023

Maven Funds lead £1.42m investment in iAM Compliant Limited


Northern Powerhouse Investment FundNPIF - Maven Equity FinanceGreater Manchester Local Enterprise Partnershio

Joint Maven VCTs and NPIF Maven Equity Finance investment in Chester-based compliance and training specialist follows previous funding round in 2021 from NPIF

Maven Capital Partners (“Maven”), one of the UK’s most active investors in growing businesses, has today announced that it has led a £1.42 million investment in Chester-based iAM Compliant Limited (“iAM”). The company specialises in offering eLearning courses to enterprise customers as well as a cloud-based estates and compliance platform tailored for the education market.

This latest funding round builds upon Maven’s previous £1 million investment in iAM in 2021 completed through NPIF Maven Equity Finance, managed by Maven Capital Partners (“Maven”) and part of the Northern Powerhouse Investment Fund, a fund it manages on behalf of the Northern Powerhouse Investment Fund.

The newly secured funding, which also includes an additional £320,000 investment from NPIF – Maven Equity Finance, will be utilised to support iAM’s ongoing growth initiatives. This includes further enhancing its compliance software and its eLearning library through product development, as well as strengthening its sales and marketing operations.

Since Maven’s initial investment in iAM over two years ago, the company has achieved significant growth, with annual recurring revenues quadrupling.

James Rosthorn, Investment Director at Maven, said; “Maven is delighted to maintain its support for iAM following the company’s consistent commercial growth in recent years. We’ve been impressed by the ambition and drive demonstrated by the management team, as well as the strong performance of both business units in developing compelling propositions and ensuring customer retention. Furthermore, we acknowledge the immense value within the sectors iAM’s divisions operate, which are currently undergoing substantial growth and witnessing robust merger and acquisition activity. This additional investment will enable iAM to further expand its client offering and achieve significant revenue scaling.”

Tom Moore, COO at iAM Compliant, added: “We are absolutely delighted with this follow-on investment round, supported by Maven and NPIF. Since the initial investment round, we’ve seen strong growth coupled with further development of our product offerings. This investment allows us to build on our increasing market position and accelerate our learning library and compliance product plans as well as our head office capabilities (in sales, marketing and customer delight). The really exciting part is that we’ve already been challenging the competition, but now we can really start to shake things up.”

Keira Shepperson, Director, Regional Funding at British Business Bank, said: “Our ambition is to provide businesses in the North with the access to finance they need to achieve their goals, so it is markedly special when a company thrives and returns to secure even more investment for future growth. iAM Compliant has social impact at its heart by helping schools become more compliant in a world that is rapidly becoming more digital every day. We are seeing even more companies in the digital transformation sector emerge, which is turning the North into a digital powerhouse.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Maven Capital Partners UK LLP is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 495929.

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