YR Free secures £600k seed follow-on investment led by NPIF - Maven Equity Finance to fund management hires and growth.
NPIF - Maven Equity Finance led the funding round, with additional backing from the Future Fund, to support the company as it expands its customer reach.
YR Free provides secure technology for digitally recorded media via a video collaboration platform called eviid. The transformational platform turns smartphone captures into verifiable evidence for various sectors.
YR Free has secured £600k in a seed follow-on investment led by NPIF - Maven Equity Finance, alongside £225k from the Government's Future Fund. The Liverpool based video collaboration platform will use the capital to make key hires across its management team and embark on a programme of rapid growth. NPIF previously backed the business in 2017.
From the founder
"At the heart of the eviid platform sits our unique patented evidential technology as well as a robust system for handling video in enterprise contexts. It’s incredibly scalable, with applications in numerous sectors beyond the ones we are serving today. The pandemic has really put video on the map and businesses around the world have realised how much can be done remotely. We have a long-term solution for this – a secure and proven system for integrating video and images into business workflows."
John Ridd
CEO at YR Free
Investor perspective
"The eviid platform plays a crucial role in a number of sectors and we’re delighted to back the business at an exciting stage in the company’s growth journey. The business has evolved considerably since we originally invested back in 2017 and we look forward to working with John and the team as they scale up the eviid platform."
Simon Robb
Portfolio Manager, Maven Capital Partners
Use of funds
- 01Grow the team
- 02Expand into international markets
