Administrate Accelerates with £3.78 Million Investment

Edinburgh-based training management software firm, Administrate, has secured £2.25 million of growth capital from NVM Private Equity (NVM) as part of a fresh investment round.

Additional funding was secured from existing investors, Archangels, and the Scottish Investment Bank – bringing the total to £3.78 million.

The company previously secured £1.7 million in a funding round led by Archangels in December 2015.

The investment will be used to accelerate the business globally, the firm said, as well as to help continue the development of its platform.

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