Administrate Accelerates with £3.78 Million Investment
The investment will be used to accelerate the business globally, as well as to help continue the development of its platform.
Additional funding was secured from existing investors, Archangels, and the Scottish Investment Bank – bringing the total to £3.78 million.
The company previously secured £1.7 million in a funding round led by Archangels in December 2015.
The investment will be used to accelerate the business globally, the firm said, as well as to help continue the development of its platform.
The firm employs more than 80 people and has offices in Lebanon, the US and Edinburgh’s Codebase incubator.
North American expansion has been a key driver for the company over the past 12-months.
Administrate is a Software-as-a-Service training and learning management platform designed to help manage and automate the process of delivering education.
Its platform helps clients solve the challenges of defining, delivering, tracking, analysing and scaling learning within an organisation. This training management platform also includes features to support ecommerce, student registration, scheduling, personnel management and classroom management features – all of which are delivered via the cloud.
John Peebles, Administrate CEO, commented: “Our investors are a key part of our team, and I’m delighted to have NVM join us on the journey as we work together to build a company focused on delivering success for our customers.”
Aaron Lawson-Clark, Investment Associate at NVM Private Equity, added: “Administrate stands out as an ambitious business that has developed proven, market-leading technology with a strong reputation in its industry.
“The business is well placed to continue the growth trajectory delivered over the last few years as it continues to make inroads into enterprise-level customers across the world. NVM are very pleased to be backing another fantastic business in Scotland.”
As part of the investment, Lawson-Clark has been appointed to the Administrate board. Over the past four years, NVM has invested more than £68 million in 24 companies. In the past 12-months alone, ten new investments have been completed, the firm said.