Maven leads £2.5 million investment in Bright Network

Glasgow-based investment house Maven has led the £2.5 million investment in Bright Network, a media technology platform which enables blue-chip employers to reach, identify and recruit high-quality graduates and young professionals.

The transaction includes a £2.15 million investment by Maven VCTs, together with £400,000 from existing and new angel shareholders.

The active management of this pool of candidates ensures that high standards are maintained, delivering a strong response and conversion rate for employers, and achieving engagement levels that are currently 2.5x higher than the industry average.

The quality of Bright Network’s membership also helps drives efficiencies in the recruitment process and improved candidate shortlisting outcomes for employers. As a result, Bright Network has established a strong client base of over 250 employers, which includes global blue-chip organisations such as Bloomberg, Deloitte, Goldman Sachs, Morgan Stanley, PwC, P&G SkyScanner and Vodafone.

James Uffindell, CEO at Bright Network, said: “Our mission is to make sure every student receives the very best possible careers advice. By harnessing rich data insights and technology we can support the next generation of talent and enable companies to find their needles in the haystack. With visits to the Bright Network platform doubling year on year and a trusted track record of proven ROI for 250+ top employers, we’re modernising the graduate recruitment industry. We’re very excited to bring the experience and expertise of Maven on board at this crucial stage to help us grow.”