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Maven invests in pioneering software developer Filtered Technologies

31st July 2019

filtered

Maven has completed a £2.5 million investment to support the continued growth of Filtered Technologies. The company has developed proprietary AI-driven software to address the growing market for corporate learning and development (L&D) in which companies are increasingly relying on cost effective in-house training.

Filtered has developed magpie, a market-leading intelligent learning recommendation engine that pulls together a client’s internal training materials with external sources to provide a personalised L&D resource for each employee.

Maven’s VCT investment will help to accelerate Filtered’s technological innovation as it continues to address the needs of the corporate e-learning market. The funding will also further strengthen the company’s sales team as it expands its customer reach.

Gareth Price, Investment Director at Maven commented

We are delighted to be supporting the continued growth of the ambitious team at Filtered Technologies. Magpie is an exciting, innovative product that is receiving a lot of interest from the corporate market, driven by increased demand for cost-effective, innovative approaches to implementing learning and development across their businesses. Filtered is targeting sustained growth through magpie and already has an established profile in the sector among high-profile global brands. We look forward to working with Marc and the team to help the business deliver on its growth plans

SME Finance Partners completed the Financial Due Diligence on Filtered Technologies on behalf of Maven Capital