Administrate, an Edinburgh, UK-based training software management platform, has raised £3.05 million in funding round.
Investors
The funding round was led by the Investment Fund for Scotland, managed by Maven Capital Partners and delivered by the British Business Bank. Existing investors Mercia and Archangels also participated in the round.
The Investment Fund for Scotland provides equity finance of up to £5 million to ambitious, growth-focused SMEs. The fund aims to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses across Scotland. It covers the whole of Scotland, including rural, coastal, and urban areas.
Administrate Use of Funds
The company will use the funding to expand its training management platform.
About Administrate
Administrate is a SaaS startup that provides a cloud-based platform for managing corporate training operations. The platform is designed to help organizations streamline and automate the administration, delivery, and tracking of training programs. It integrates with existing Learning Management Systems (LMS) and offers tools for scheduling, reporting, and content management. Administrate’s platform is used by a range of corporate clients, including large multinational companies like Siemens, Royal Caribbean, and Maersk.
Funding Details
Company: Administrate, Inc.
Raised: £3.05M
Round: Unknown
Funding Date: August 2024
Lead Investor: The Investment Fund for Scotland
Additional Investors: Mercia, Archangel
Company Website: https://www.getadministrate.com/
Software Category: Learning and Training Management
Source: https://www.uktech.news/saas/administrate-raises-3-05m-20240820