The benefits of active portfolio management with Bright Network
Whilst the past couple of years have been a challenging operating environment for many businesses and sectors, Maven has maintained a close and active role in supporting our portfolio companies through that period, enabling them to continue to make commercial traction and deliver growth in recurring revenues.
Watch James Uffindell, CEO at Bright Network, and Melanie Goward, Partner at Maven discuss how active portfolio management and a strong working relationship helped deliver benefits for the business and for thousands of graduates who use its platform.
James Uffindel: When the pandemic hit, Maven followed through with a kind of subsequent investment round that allowed us to invest through the downturn, and allowed us to do quite a few contrarian things which made sense long term but probably didn't make sense short term. As the pandemic hit we're in the recruitment sector, it was the worst recession in 300 years so the conventional thing to do would probably be to kind of cut back spending and not invest in the future.
Melanie Goward: We took a moment to think and re-evaluate the strategy but decided to go on and complete that investment despite the pandemic because we felt that the management team were nimble and able to adapt the business to cope with whatever the pandemic was going to throw at it. It actually turned out that that was the right thing to do because the pandemic gave bright network a number of opportunities
James Uffindel: What we wanted to do was to really invest in our community we had close to half a million young people who suddenly could not go into big corporates and get the kind of work experience and the learning experiences that are so important to learn about the world of work. So what we did is we built a coalition of 120 Partners to everybody from the CBI tech UK employers like Goldman Sachs and google to deliver virtual online internships through the summer of 2020 and 2021 which allowed our employers to interact with really bright students and at the same time the students to get an education around the world of work. It became an incredible success we delivered over a million hours of online learning we helped over 150,000 students on this program which was featured by BBC business news and Sky. It became essentially the national response to helping young people through the pandemic.
Melanie Goward: The brand and goodwill of bright network has been enhanced because of the effort that the business went to put that program of events on for free during the 2020 lockdown.
Case Study: Bright Network
VCT funding is helping the business grow its highly scalable new SaaS platform, and expand into lateral recruitment markets.
Case Study: Envitia
Maven leads MBO of Envitia to help accelerate the growth of the business through further product development in AI & ML as well as expansion into new sectors.
Case Study: Intelligence Fusion
Funding through the Finance Durham Fund helps the business take its next step by transitioning its minimum viable product to a full-scale commercial product.
Case Study: John McGavigan
Maven helps the senior management team complete the buyout of the business and supports McGavigan's successful expansion into China.
Case Study: Membr
Hear about how funding through NPIF Maven Equity Finance is enabling Membr to expand overseas and keep on track to achieving its growth ambitions.
Case Study: MirrorWeb
Funding from the Maven VCTs is supporting the continued growth of the business as it seeks to capitalise on market opportunities in both the UK and US.
Case Study: MirrorWeb
Watch David Clee, CEO of MirrorWeb and Jeremy Thompson, Partner at Maven discuss the business' NPIF investment and how the Northern Powerhouse Investment Fund is backing ambition across the region.
Case Study: Orka Technology Group
Multiple rounds of funding through NPIF Maven Equity Finance enables start-up Orka to grow significantly.
Case Study: Parsons Containers
Capital and support from the Finance Durham Fund enables management to complete a management buyout and grow its self storage business across North East England.
Case Study: Quorum Cyber
Maven’s VCT investment enabled Quorum to capitalise on the significant growth opportunities they were seeing in the cybersecurity market.
Case Study: Yimba
Watch Robert Dowd, CEO at Yimba, and Alex Rothwell, Investment Director at Maven, discuss the importance of tailoring a funding package that works for the business now as well as its long term growth objectives.
Guiding our investee companies through familiar challenges
No matter the problem, big or small, our team aims to provide our portfolio companies with the resources and expertise required to help you scale and achieve your goals.
Misconceptions about Private Equity
Hear from some of our portfolio companies as they debunk the myths around private equity finance.
Spotting future potential in a business
Early stage businesses are rarely the finished article and so our team specialises in seeing beyond that and spotting the real growth potential.
The benefits of active portfolio management
We back people, not just businesses, and together we aim to enhance your business by providing the capital and expertise to help you accelerate growth.
Top tips for entrepreneurs looking to scale their business
Business leaders and entrepreneurs from some of our investee companies discuss their advice for preparing your business for growth.
What is the Finance Durham Fund
Learn more about the Finance Durham Fund and how it is transforming the financial landscape for growth focused businesses across County Durham
What is the Northern Powerhouse Investment Fund
Find out more about the equity fund which Maven manages and how it is helping ambitious North West businesses to fulfil their growth potential.
When is Private Equity right for your business?
Private equity is more than just an exit path, it can provide ambitious business leaders with the capital and expertise they require to accelerate their organisations growth.
Why are VCTs proving attractive to investors?
A look at how VCTs are enabling investors to access private markets opportunities to diversify their portfolio as volatile public market conditions persist.
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