£1m secured by online tool iAM Compliant as it looks to expand overseas
Cheshire based iAM Compliant is supercharging its international expansion after securing £1m investment.
The company will use the funds to accelerate the build out of its iAM learning library, a cloud-based content as a service that provides a range of eLearning topics and offers bespoke content build for larger international eLearning businesses.
The investment has been received from NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund (NPIF).
The company has seen strong growth since formally launching in 2019.
Its compliance tool is widely used in the education sector and provides a complete solution for health, safety, compliance and premises needs.
Clients include DPD Group, Interserve, Dreams, Countrywide Group and Mountain Warehouse.
Luke Pargeter, CEO and founder of iAM Compliant, said: “This investment couldn’t have come at a better time for us.
“Our brands of iAM Compliant and iAM Learning are gaining real brand traction and are already enjoying global recognition.
“These funds will allow us to leverage our existing products and scale them, with a predicted focus on additional online compliance app functionality and even more stellar content covering a wide range of topics from mental health to soft skills and everything in between.”
Tom Gagen, chief of design, said: “We have some big ideas for our content roadmap, and we expect to add at least 150 titles to our existing library in 2021.
“The investment will allow us to bring these to market quicker, whilst maintaining the high quality visuals, engaging animation and character driven content we have already become famous for delivering.”
James Rosthorn, investment manager at Maven Capital Partners added: “We are delighted to support the management team as they look to accelerate their international expansion and implement their ambitious business plan.
“There is significant potential for the iAM Compliant brand to disrupt the education market and beyond, and for the iAM Learning brand to gain global recognition through its outstanding online elearning library.”