eviFile Holdings Limited (“eviFile”), a UK-based leader in digital transformation for the built environment, has announced a £1.6 million investment and strategic partnership with Maven Capital Partners (“Maven”) through NPIF II – Maven Equity Finance, managed by Maven as part of the Northern Powerhouse Investment Fund II (NPIF II).
Leading corporate and commercial law firm Mincoffs Solicitors provided legal advice to Maven throughout the transaction.
eviFile is a leading digital assurance and evidence management software provider, delivering a ‘golden thread’ of information across field data and project reporting. Its web and mobile platform is designed to enhance quality, minimise risk and support regulatory compliance for complex infrastructure projects. The platform is also “live”, providing real-time data insights and an advanced digital evidence solution.
The business has built a strong blue-chip customer base across rail, utilities, renewables and construction sectors, working with organisations such as Network Rail, Drax Power, Alstom, Siemens and SPL Powerlines.
Over the past 12 months eviFile has achieved double-digit revenue growth driven by rising regulatory requirements such as the Building Safety Act, the sector’s accelerating digital adoption and increasing infrastructure investment in the UK.
As part of its growth journey, eviFile is investing heavily in artificial intelligence to transform how complex infrastructure projects are delivered. The company is embedding AI across its platform to provide predictive insights, automate quality assurance and streamline reporting. By combining AI with Big Data from thousands of workflows each day, eviFile is helping clients improve decision making, reduce errors and deliver projects more safely and efficiently.
With Maven’s support eviFile will expand its R&D, grow its sales and marketing teams and further enhance its platform capabilities. The partnership marks the beginning of the next stage in eviFile’s journey, enabling the company to scale faster and deliver even greater value to its clients.
David Nixon, senior investment manager at Maven Capital Partners, said: “eviFile has a highly scalable, proven operating model driven by a strong management team with a clear vision. With the significant uptick in digitalisation in the sector, the business is well positioned for continued growth within several verticals. We’re delighted to support Nick and the team as they execute their ambitious plans.”
Nick Halliday, founder of eviFile, added: “This is a really exciting time for eviFile. Our platform has been built to help clients take control of their project workflows with trusted data and real-time insight. Partnering with Maven gives us the support to scale faster and further. We’re looking forward to what this next stage brings and are confident that this partnership will help us deliver even more value and a better solution to our clients.
The team at Mincoffs was led by corporate associate solicitor Max Gilchrist, with support from trainee solicitor Holly Kirk.
“It was our pleasure to advise Maven during this significant investment into eviFile,” said Max.
“We are confident that Maven’s investment support and strategic partnership will complement the strengths of the eviFile team, allowing them to achieve their plans for growth.
“We look forward to supporting Maven on future deals.”
