IFS Maven Equity Finance invests £1 million in Administrate

Share on:  

Industry-leading learning and training management platform, Administrate, has raised £3 million in funding to support the launch of its new AI scheduling software and enhance its market reach. £1 million was provided by the Investment Fund for Scotland (IFS), managed by Maven and delivered by the British Business Bank.

Published: Aug 19, 2024
Focus: IFS Maven Equity Finance

Edinburgh-based Administrate is a cloud-based training management platform, helping clients to streamline their entire training operation. The software integrates with a customers’ existing Learning Management System (LMS) and critical business systems, acting as a hub to manage training and scheduling. Large enterprises struggle to effectively manage their training programmes, with 80% still delivered in the classroom and managed on spreadsheets. Administrates’ Training Management System (TMS) differentiates itself by offering a one-stop solution to manage advanced classroom training or high-value training for its customers. 

The transaction coincides with the launch of the company’s new AI powered scheduler that allows enterprise customers to plan, schedule, and optimise complex classroom training activities at scale. This allows for a greater level of automation in the training process ensuring a reduction in client time and cost.

The funding will enable the business to expand its market reach through the deployment of this new technology to its diverse group of international customers which includes Siemens, Royal Caribbean and Maersk.

 

John Peebles, CEO of AdministrateJohn Peebles, CEO of Administrate

 

"Administrates’ platform automates the challenges faced by large scale organisations and allows clients to deliver a leaner and more cost effective training solution. We’re delighted to support John and the team at an exciting stage in the company’s journey and look forward to working with them to drive the business forward."

Rob Stevenson, Investment Manager at Maven

"It’s an exciting time for Administrate and our customers – we’ve been thrilled with the positive impact we’re seeing with the scheduler and other platform improvements, and this investment will allow us to continue to invest in and scale our offering.”

John Peebles, CEO of Administrate

“The software developed by Administrate is already being used successfully by several multi-national organisations and this funding boost will enable the business to take that one step further with inbuilt AI. Technology is one of Scotland’s fastest growing sectors, but ensuring entrepreneurs have access to funding opportunities through the likes of the Investment Fund for Scotland is essential to ensure that momentum continues.”

Mark Sterritt, Director, Nations and Regions Funds, at the British Business Bank

 

This transaction marks the fifth investment made by IFS Maven Equity Finance. The Fund has also backed 3D printed micro-tumour specialist Carcinotech, MedTech company, Calcivis, Glasgow University spinout, Nami Surgical and premium Indian readymeal provider, Praveen Kumar. 

IFS - Maven Equity Finance can provide investment of up to £5 million to support ambitious earlier and later stage businesses across Scotland. If your business, or the business you advise, is looking for an equity investment as a solution to fund future growth, get in touch here >.