Funds will back growth
Second round angel funding for Administrate
Management software company Administrate has secured £1.7 million in a funding round led by Scottish angel syndicate Archangels.
This latest funding follows an earlier £1.9m round from Archangels, TRI Cap and the Scottish Co-Investment Fund.
The company has seen its payroll increase threefold this year, on the back of rising sales in North America, the UK and the Middle East.
John Peebles, chief executive, said: “This year has been incredible. We’ve built an amazing team delivering success to our global customer base, supported by our investors and in keeping with our company values. We’re just getting started and are looking forward to an even better year in 2016.”
