Administrate, an Edinburgh, UK-based training operations platform, raised £5 million in funding.
The round was led by Hambro Perks, with participation from Archangels, Mercia, and the Scottish Investment Bank.
The funds will be deployed to support the company’s expansion, meeting the needs of its growing North American enterprise customer base, serviced from an office in Bozeman, Montana.
Administrate's chief executive John Peebles said: “Our capital partners understand the unique opportunity ahead of us, and we’re excited to continue building on our success in a sustainable way.
“I’m proud of some of the key innovations we’re launching within our platform this year which include our AI-powered scheduler and significant improvements to our headless architecture strategy.
“These tools within our platform can transform training operations and drive significant ROI for our customers in unprecedented ways.”
The company provides a scheduling and logistics platform to manage global training operations. Organizations such as Royal Caribbean Group, Siemens Healthineers, and Maersk use it to automate manual processes, manage complex training schedules and logistics, and access business intelligence from siloed data.
Company: Administrate Limited
Raised: £5.0M
Round: Unknown
Funding Month: July 2023
Lead Investors: Hambro Perks
Additional Investors: Archangels, Mercia, and the Scottish Investment Bank
Company Website: https://www.getadministrate.com/
Software Category: Training Management Software
About the Company: Founded in 2012, Administrate is a training management platform that helps enterprises to streamline learning and development through its comprehensive, configurable, cloud-based software. Administrate equips organizations to drive their training and learning functions efficiently and effectively against key business results. Administrate is headquartered in Edinburgh, Scotland, and has offices in Bozeman, Montana.
Source: https://www.insider.co.uk/news/administrate-raises-5m-support-north-30436993