Maven invests in Chorus Intelligence

HMT advised on Maven’s £15 million investment in Chorus Intelligence, a leading investigation software specialist.

Founded in 2011, Chorus has a 15-year track record of developing and deploying best-in-class digital investigation software, used by law enforcement, government agencies and corporations.

Chorus has recently launched the Chorus Intelligence Suite (CIS) which is being rapidly adopted across its key UK and US markets. The platform enables multiple users to automate the processing of large and complex data sources, connect disparate structured and unstructured data points efficiently, identify suspects and criminal networks, improve evidential outputs and facilitate the acceleration and collaboration of digital investigations.

The CIS delivers a proven and significant return on investment for the Company’s clients by helping solve more crimes, driving increased efficiencies and saving resources.

Chorus has delivered sustained growth, driven by positive market tailwinds as a result of increasing digital crime and the growing demand for centralised, AI-powered investigative tools.

The investment from Maven will enable further development of Chorus’ innovative technology, increase integration of AI capability, continue its international expansion and support potential M&A to accelerate scale in what is a fragmented market.

HMT acted as lead advisors on the transaction, supporting both the Company and Maven, including negotiating key commercial terms of the Maven investment, supporting the business through an extensive due diligence process, financial modelling and project managing the deal to a successful completion.

Boyd Mulvey, Founder and Executive Chairman at Chorus Intelligence commented:

“The entire Chorus team are delighted to welcome Maven to Chorus.  This investment from Maven marks an important milestone in our journey as we gear up for our next phase of growth.  The expertise Maven bring in scaling high-growth technology companies will be invaluable as we accelerate our AI product roadmap, expand our global footprint and continue delivering exceptional value to our customers.

We are grateful for the support HMT provided by Ricky, Francis and the HMT team during the process. Their advice was invaluable in securing an outcome that gives us both stability and exciting growth potential.”

Tom Purkis, Partner at Maven commented:

“Chorus is a fast-growing business which is operating in a market experiencing strong structural growth. Digital intelligence is becoming an essential component of modern investigations. Chorus has invested heavily in technology, with its next-generation CIS platform already delivering measurable efficiency gains and return on investment for customers in both the UK and US. We are delighted to support the team as they continue to scale the business, expand its international presence and further enhance the platform’s capabilities to support its customers.”

Ricky Lane, Partner at HMT commented:

“We are delighted to have supported the Shareholders and Maven on this pivotal transaction for Chorus Intelligence. With Maven’s support and Chorus’ cutting-edge technology, the business is on the right track to continue their fast growth.

By structuring a deal that delivered a liquidity event for it’s early stage investors, alongside investment to support their growth ambitions, Management have set the business up for the next phase of expansion alongside an experienced investment partner in Maven. We are looking forward to working with both Chorus Intelligence and Maven again in the future.”

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