
Maven invests £1.95m in E-Safe Global
Maven Capital Partners has invested a further £1.95m in UK-based cyberbullying-detection software business E-Safe Global.
The fresh capital will enable the company to invest in the expansion of its sales, marketing and operational teams, and fund product development.
Maven said in a statement that the company would look to capitalise on the increasing legislative, regulatory and political pressures to implement improved safeguarding monitoring systems within the education sector.
The investment comprises a £1.6m investment from Maven's VCT funds and a £350,000 investment from the Greater Manchester Loan Fund (GMLF), which the GP manages on behalf of the Association of Greater Manchester Authorities.
Previous funding
Maven invested £450,000 in E-Safe in November 2015 with capital drawn from GMLF.
Company
Founded in 2007 and headquartered in Salford, Greater Manchester, E-Safe is an online behaviour analysis business for education establishments. It is available to organisations from the primary sector through to further education and monitors users' behaviour within a school or college network to identify incidences of cyberbullying.
The company uses detection technology to analyse video, streaming, webcam and static files, as well as multilingual keyboard entries and screen content from websites, documents and social media applications. A team of behaviour analysts then studies any incidences that have been flagged, determines whether they need to be escalated and responds accordingly.
People
Maven Capital Partners – Craig Hopwood (investment director).
E-Safe Global – Mark Donkersley (CEO).
Advisers
Equity – Pannone Corporate, Mark Winthorpe, Arshnoor Amershi (legal); RPL, Roger Penny (commercial due diligence); Cowgill Holloway, Mark Bringloe (financial due diligence); Vista Insurance Brokers, Peter Warburton (insurance due diligence).
Company – BTG Corporate Finance, Emma Jones (corporate finance); Gateley, Nigel Brown (legal); Cowgill Holloway, George Daubney (tax).
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