Administrate – a leading enterprise training operations platform – announced that it had raised $6.4 million from existing investors Archangels, Mercia, and the Scottish Investment Bank and that they also welcomed Hambro Perks as a new capital partner. The funds will be used for supporting the company’s rapid growth and continue to meet the needs of its diverse and growing North American enterprise customer base.
The company – which was recently recognized as one of the fastest-growing tech companies in the UK by global tech and advisory firm GP Bullhound – offers a scheduling and logistics platform used by some of the biggest brands in the world to manage their complex global training operations. And customers typically experience an 80% reduction in manual activities after implementing the platform and its new AI-powered scheduler has experienced accelerated customer demand in the last 6 months. Administrate is based in Edinburgh, Scotland, with a USA office in Bozeman, Montana.
This funding round was led by Hambro Perks who specialize in supporting high-growth scale-up companies focusing on B2B SaaS.
KEY QUOTES:
“Backing Administrate was an easy decision. Administrate is an innovative and rapidly expanding business that has continued to deliver double-digit growth within its enterprise customers segment in the last couple of years. Their platform is well suited to the needs of large corporations that operate in multiple geographies. We strongly believe that the business has tremendous growth potential and we look forward to seeing the business expand in the coming years.”
— Usman Ali, Partner at Hambro Perks Growth Debt Fund
“With an impressive roster of customers on their books, this new funding package will allow the team to accelerate growth, particularly stateside, where they have seen significant growth among large multinational corporations. We’re looking forward to working closely with the team on this next exciting chapter of their story.”
— Niki McKenzie, Joint Managing Director at Archangels
“Our team has done an incredible job delivering for our customers. 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.”
— John Peebles, CEO of Administrate
