Life Safety Inspection Vault (LIV), a provider of inspection, testing, and maintenance (ITM) compliance software for Authorities Having Jurisdiction (AHJs), including fire prevention bureaus, municipalities and regulatory agencies, has secured $28.7 million in growth capital from Mainsail Partners, a growth equity firm investing in bootstrapped vertical SaaS companies.
The investment intends to help LIV accelerate product innovation, enhance the customer experience and expand its team.
Aiming to advance its mission to modernize fire and life safety compliance through intelligent, data-driven solutions that streamline the collection, management and tracking of ITM reports across commercial properties within AHJ’s respective jurisdictions.
Founded in 2019 and purpose-built for the unique needs of the industry, LIV provides a comprehensive fire and life safety compliance platform to fire prevention bureaus, water municipalities, state building departments and other regulatory agencies.
LIV is designed to support every stakeholder in the fire prevention ecosystem–from inspectors and fire marshals to business owners–with intuitive, flexible tools and data-driven intelligence that streamline the entire code compliance workflow.
Its robust feature set includes third-party inspection reporting, deficiency tracking and resolution, emergency planning, advanced data analytics and more, facilitating a seamless path from inspection to full compliance for AHJs.
KC Wulff, Principal at Mainsail Partners shared: “At Mainsail, 20+ years of experience investing in B2B software has taught us that there’s something special about vertical software solutions created by founders with firsthand end-market experience.
“Cole’s deep background in fire protection, paired with Co-Founder Chase Norton’s experience in technology and operations, have propelled LIV’s growth from inception.
“We’re excited to support LIV as they continue to scale and expand their impact across the U.S.”
Co-Founder and President of LIV, Cole Harding commented: “We’re incredibly proud of the LIV team and the technology platform we built to simplify and streamline compliance management for the fire and life safety industry.
“As we looked to scale and protect more communities, we knew it was the right time to bring in a strategic partner.
“Mainsail brings deep knowledge of our industry and after building a relationship with their team over several years, we were confident they’d be the right partner for LIV’s next phase of growth.”
Life Safety Inspection Vault has secured $28.7 million in growth capital from Mainsail Partners, a growth equity firm investing in bootstrapped vertical SaaS companies.
