eviFile secures £1.6m from Maven Capital Partners to accelerate market expansion
Maven Capital Partners led the £1.6m investment to fund recruitment across research and development, sales, and marketing.
eviFile provides digital assurance and evidence management software that streamlines project reporting and regulatory compliance for the built environment. Its web and mobile platform delivers real-time data insights across infrastructure projects.
Leeds-based digital assurance provider eviFile has secured £1.6m in funding from Maven Capital Partners through the Northern Powerhouse Investment Fund II. The capital will be deployed to accelerate market penetration by expanding recruitment across research and development, sales, and marketing functions.
The company has experienced double-digit revenue growth over the past year, underpinned by increasing regulatory requirements and heightened digital adoption across the rail, utilities, and construction sectors. eviFile plans to leverage the investment to further integrate artificial intelligence capabilities into its platform for predictive insights and automated quality assurance.
From the founder
"This is a really exciting time for eviFile. Our platform has been built to help clients take control of their project workflows with trusted data and real-time insight. Partnering with Maven gives us the support to scale faster and further. We’re looking forward to what this next stage brings and are confident that this partnership will help us deliver even more value and a better solution to our clients."
Nick Halliday
Founder at eviFile
Investor perspective
"eviFile has a highly scalable, proven operating model driven by a strong management team with a clear vision. With the significant uptick in digitalisation in the sector, the business is well positioned for continued growth within several verticals. We’re delighted to support Nick and the team as they execute their ambitious plans."
David Nixon
Senior Investment Manager, Maven Capital Partners
Use of funds
- 01Fund research and development
- 02Invest in sales and marketing