Edinburgh firm ranked as one of fastest-growing tech businesses in UK nets £5 million of growth funding
Administrate, which is behind an enterprise training operations platform, has secured the significant capital injection from existing investors Archangels, Mercia and the Scottish Investment Bank, while welcoming Hambro Perks as a new capital partner. 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. Administrate is headquartered in Edinburgh, with a US office in Bozeman, Montana.
Chief executive 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 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.”
The deal was led by Hambro Perks which specialises in supporting high-growth scale-up companies that focus on business-to-business software providers. Usman Ali, a partner at Hambro Perks Growth Debt Fund, said: “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. 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, added: “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.”
Administrate was founded in 2012 in Edinburgh and was recognised as a 2022 “Great Place to Work” in both the UK and the US.
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