Administrate, a UK-based enterprise training operations platform, recently announced that it has raised $6.4 million in funding from Hambro Perks as a new capital partner, which specializes in supporting high-growth scale-up companies focusing on B2B SaaS. Existing investors Archangels, Mercia, and the Scottish Investment Bank, have also participated in the fundraising.
According to the company, the fresh capital will support its growth and continue to meet the needs of its growing North American enterprise customer base.
Founded in 2012, Administrate works to develop and deliver an industry-leading platform that equips organizations to plan, organize, deliver, and scale training efforts to one’s business objectives. The firm does that through aggressive innovation and its commitment to building and being the Ultimate Human Organization in how the platform work as a team internally and with its partners. It also provides a scheduling and logistics platform used by some of the biggest brands in the world to manage their complex global training operations.
Commenting on the investment, Chief Executive Officer of Administrate John Peebles said:
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 sustainably. I’m proud of some of the key innovations we’re launching within our platform this year, including 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.
Headquartered in Scotland, Edinburgh and has offices in Bozeman, Montana, the startup claims that customers would experience an 80% reduction in manual activities after implementing its platform, and its new AI-powered scheduler has experienced accelerated customer demand in the last six months.
Usman Ali, Partner, Hambro Perks Growth Debt Fund, added:
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.
Niki McKenzie, Joint Managing Director of Archangels, commented:
With an impressive roster of customers, 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.