Venture capital firm AngelLab led the investment through it’s Venture Partner Andrew Weisz, who will also join the GeckoLabs board, with additional funding provided by the London Co-Investment Fund. As well as growing its team, GeckoLabs will use the funding to strengthen its marketing activity and develop new tools for its customers. The company also hopes to expand in to North America and Asia in the near future.
Founded in Edinburgh in 2012, GeckoLabs develops modern cloud-based software to help educational institutions manage and improve their recruitment processes. It currently works with over 30 of the UK’s top universities and colleges, including Robert Gordon University, Newcastle University, University of East Anglia, University of East London and University of Southampton.
The business is the brainchild of Matthew Lanham, a digital entrepreneur who has been involved in the Edinburgh tech scene for over 10 years and who started his first business, a web design company, aged just 17.
GeckoLabs help universities and colleges increase their success by making best use of modern technology to provide their students with a highly personalised experience driven by the ability for the university or college to capture data and engage with the student in real time.
The student recruitment process is becoming increasingly fragmented, and therefore capturing and acting upon data in real time is only becoming more important. Through removing the geographic, and technological barriers that exist, GeckoLabs helps its clients stand out in the increasingly competitive environment of student marketing and recruitment.
Matthew Lanham, founder and CEO of GeckoLabs, explained the problem faced by admission teams who rely on traditional means of capturing data.
He said: “Universities and Colleges are not maximising every interaction with students, and therefore missing out on potential enrolments. We’ve taken time to understand the student recruitment process, and identify where improvements can be made by embracing the latest technology.”
Lanham continued: “We are delighted to have received investment from AngelLab and the London Co-investment Fund, and to welcome Andrew Weisz to the board. The incoming investment will help us take the business to the next level, particularly with our ambitions to grow overseas. This is an incredibly exciting time for the business and this funding will mean we can achieve our objectives of expanding the team, opening our base in London and adding new products to the portfolio.”
AngelLab is a London venture capital firm that invests in exceptional tech entrepreneurs in the UK and Europe. In the last three years it has completed 30 investments in tech startups.
AngelLab Managing Partner Andrew Fullerton said: “The educational sector is an important and valuable growth market in which we are keen to invest. We are delighted to support the excellent team lead by CEO and founder Matt Lanham in his plan to increase the breadth of the solutions on offer from GeckoLabs and the roll out their software to new customers both in the UK and globally.”
The London Co-Investment Fund is founded and managed by Funding London and Capital Enterprise. It has raised £25m from the Mayor of London’s Growing Places Fund to co-invest in high growth tech science and digital startups in London.
During 2012, Gecko participated in ignite100, one of the UK’s top tech accelerator programmes, and graduated with investment from Northstar Ventures, IP Group, and four angel investors.
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