ADMINISTRATE, a leading enterprise training operations platform, announced today that it had raised £5 million from existing investors Archangels, Mercia, and the Scottish Investment Bank, and that it had welcomed Hambro Perks as a new capital partner. Funds will be deployed to support 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 recognised as one of the fastest-growing tech companies in the UK by global tech and advisory firm GP Bullhound, provides a scheduling and logistics platform used by some of the biggest brands in the world to manage their complex global training operations. 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 six months. Administrate is headquartered in Edinburgh, Scotland, with a USA office in Bozeman, Montana.
The deal was led by Hambro Perks who specialise in supporting high-growth scale-up companies that focus on B2B SaaS.
“Backing Administrate was an easy decision,” said Usman Ali, Partner at Hambro Perks Growth Debt Fund. “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.”
Niki McKenzie, Joint Managing Director at Archangels said: “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.”
“Our team has done an incredible job delivering for our customers,” said John Peebles, CEO of Administrate. “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.”