iAM Compliant raises £1.4m led by Maven Capital Partners to expand software and learning library.
The funding round was led by Maven Capital Partners and will support product development and marketing.
The company provides eLearning courses to enterprise customers alongside a cloud-based estates and compliance platform tailored for the education sector.
iAM Compliant has secured £1.4m in a new investment round led by Maven Capital Partners, building upon a previous backing from 2021. The funding comprises contributions from the Maven VCTs and NPIF Maven Equity Finance. The business intends to direct the capital towards enhancing its compliance software and expanding its eLearning library through product development, alongside strengthening sales and marketing operations. This follows a period of notable commercial growth that has seen the company quadruple its annual recurring revenues since the initial investment.
From the founder
"We are absolutely delighted with this follow-on investment round, supported by Maven and NPIF. Since the initial investment round,"
Tom Moore
COO at iAM Compliant
Investor perspective
"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."
James Rosthorn
Investment Director, Maven Capital Partners
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
Categories
About the company
iAM Compliant
iAM Compliant delivers digital learning courses and compliance software for schools and enterprises.