NVM Private Equity (NVM) has invested £2.25m of growth capital into Edinburgh-based software business Administrate as part of a £3.78m 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.
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 £68m 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.