EdTech Review: Administrate Raises $6.4 million in Funding
Administrate, a UK-based enterprise training operations platform, recently raised $6.4 million in funding from Hambro Perks and other existing investors, such as Archangels, Mercia, and the Scottish Investment Bank. This new capital will be used to support the company’s growth and meet the needs of its growing North American enterprise customer base.
Founded in 2012, Administrate provides an industry-leading platform used by some of the biggest brands in the world to manage their complex global training operations. The platform enables organizations to plan, organize, deliver, and scale training efforts to business objectives. According to the company, customers experience an 80% reduction in manual activities after implementing its platform.
In addition, the company has recently launched an AI-powered scheduler and improvements to their headless architecture strategy. These tools can help to transform training operations and drive significant ROI for customers.
John Peebles, Chief Executive Officer of Administrate, commented on the investment: “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.”
Usman Ali, Partner at 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.”
Teachers around the world are increasingly relying on innovative technology solutions to help them plan, organize, deliver, and scale their training efforts. Administrate’s platform is one such solution that can help teachers and administrators save time and resources while ensuring effective training operations. This new capital will help the company expand its reach and provide more teachers with the tools they need to succeed in the digital world.
