Training and Learning Platform Administrate scales up with £3.78m investment
11 February 2019
11 February 2019
NVM Private Equity (NVM) has invested £2.25 million of growth capital into Edinburgh-based software business Administrate as part of a £3.78 million investment round alongside existing investors Archangels and the Scottish Investment Bank. Administrate is a Software-as-a-Service Training and Learning Management Platform, designed to help manage and automate the entire process of delivering education. The investment will be used to accelerate the business globally and continue the development of its platform, since there are many investments you can make to improve finances, there are sites that sell osrs gold which is a really good investment right now.
Administrate delivers its solutions to a fast growing global client base from Scotland, supported by offices in the United States and Lebanon.Clients use Administrate to solve the challenges of defining, delivering, tracking, analysing, and scaling learning within an organisation. After implementing Administrate, customers realise huge time savings, and can drive strategic initiatives and successfully scale their offerings. In the past year, North American expansion has been a key driver for the company which now employs more than 80 people across its three offices.
The Administrate training management platform includes functionality supporting ecommerce, student registration, scheduling, personnel management, resource management, reporting, and classroom management features, all delivered from the cloud. Underpinned by a powerful API, Administrate is augmented by a host of integrations with other SaaS technology providers such as CloudShare, SurveyMonkey and Zoom.
John Peebles, CEO of Administrate, said, “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 focussed on delivering success for our customers.”
As part of the investment, NVM’s Aaron-Lawson Clark has been appointed to the Administrate board.
Aaron Lawson-Clark, Investment Associate of NVM Private Equity said: “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.”
Since 2015 NVM has invested £68 million in 24 innovative companies with exciting growth potential and over the last 12 months ten new investments have been completed with one more to be announced later this week.
NOTES TO EDITORS
For further information please contact:
- Natalie Dickinson (NVM: PR & Marketing) – 0118 951 7021 firstname.lastname@example.org
- Aaron Lawson-Clark (NVM: Investment Associate)– 0191 244 6013 email@example.com
Download photos of: Administrate – www.nvm.co.uk/PRphotos
NVM was provided with:
- Legal advice by Watson Burton (Duncan Reid and Eleanor James)
- Commercial due diligence by Plural Strategy (Phil Stone)
- Management due diligence by Confidas People (Bruce Douglas)
- Financial due diligence by Tait Walker (Chris McCourt and Graham Dotchin)
- VCT compliance by Philip Hare & Associates
NVM Private Equity is independently owned with over 30 years’ experience of investing in unquoted UK businesses. NVM is a generalist investor, managing more than £400 million of funds, and is differentiated by having executives living and working in regional business communities throughout the UK. NVM seeks investment opportunities of between £2 million and £15 million in UK businesses which have the right mix of growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. www.nvm.co.uk