Edinburgh-based software firm Administrate has raised more than 拢3 million to expand globally.
The B2B cloud tool for learning and training management has been backed by the Investment Fund for Scotland, Equity Finance, managed by Maven Capital Partners and delivered by the British 老九品茶 Bank, as well as existing investors Mercia and Archangels.
Administrate helps clients to streamline their entire training operation. The software integrates with existing learning management systems and critical business systems, acting as a hub to manage training and scheduling.
The transaction coincides with the launch of the company鈥檚 new artificial intelligence-powered scheduler that allows enterprise customers to plan, schedule and optimise complex classroom training activities at scale.聽
The funding will enable the business to expand its market reach through the deployment of this new technology to its diverse group of international customers which includes Siemens, Royal Caribbean and Maersk.
鈥淎dministrate鈥檚 platform automates the challenges faced by large scale organisations and allows clients to deliver a leaner and more cost effective training solution,鈥� said Rob Stevenson, investment manager at Maven.聽
鈥淲e鈥檙e delighted to support John and the team at an exciting stage in the company鈥檚 journey and look forward to working with them to drive the business forward.鈥�
John Peebles, CEO of Administrate, said: 鈥淚t鈥檚 an exciting time for Administrate and our customers 鈥� we鈥檝e been thrilled with the positive impact we鈥檙e seeing with the scheduler and other platform improvements, and this investment will allow us to continue to invest in and scale our offering.鈥�