Manchester, 19 June 2023: 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 (“NPIF”), a fund it manages on behalf of the Northern Powerhouse Investment Fund.

The newly secured funding, which includes a £1.1 million investment from the Maven VCTs and a £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.

The iAM business consists of two distinct divisions: iAM Compliant and iAM Learning.

• iAM Learning offers an acclaimed eLearning library that continues to expand, covering a wide range of subjects such as health and safety, compliance, mental health, and safeguarding.

• iAM Compliant provides a cloud-based software platform for estates and compliance management. Its primary focus is on the education sector, encompassing areas such as estates management, health and safety, statutory reporting, incident reporting, and premises checks. Additionally, schools gain access to iAM Learning’s exclusive learning library, which supports employee training requirements.

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. 

Principals and key advisors to the transaction:

Legal: Browne Jacobson Insurance: Locktons Insurance LLP

VCT Assurance: Philip Hare and Roger Blears

Legal: Porter Dodson (for iAM Compliant Limited)

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Further information

For media enquiries or any questions about the investment, please contact:

Sapience Communications (PR to Maven)

Richard Morgan Evans              020 3195 3240  [email protected]

Maven Capital Partners

James Rosthorn                         0161 233 3513 [email protected]

Notes to Editors

About Maven Capital Partners UK LLP      www.mavencp.com

Maven is a leading private equity house focused on the provision of flexible funding for high growth businesses, and one of the most active SME investors in the UK. Headquartered in Glasgow, and with offices throughout the UK, Maven has over 90 investment and support professionals providing a truly nationwide coverage. Maven has over £800 million funds under management and available to invest, and manages assets for a variety of client funds, including Venture Capital Trusts, MBO Fund, UK regional fund mandates, and Maven Investor Partners, a syndicate of institutional, family office and experienced investors.  

About The Northern Powerhouse Investment Fund

•        The Northern Powerhouse Investment Fund will invest in Microfinance, Business Loans and Equity Finance sub-funds which will offer financing ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development.

•        The Northern Powerhouse Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity,

•        The Northern Powerhouse Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company.

•        The NPIF covers the following LEP areas: Tees Valley Combined Authority, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Hull and East Yorkshire, Leeds City Region, South Yorkshire Mayoral Combined Authority, York & North Yorkshire

•        The project is receiving up to £140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Levelling Up, Housing and Communities is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit www.gov.uk/european-growth-funding.

•        The funds in which Northern Powerhouse Investment Fund invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley.