Software start-up GeckoLabs receives £250,000 growth capital
Edtech start-up helps universities and colleges "take the hassle" out of the student recruitment process
Education technology (edtech) start-up GeckoLabs has received £250,000 investment in a round led by AngelLab, with participation from Boris Johnson’s London Co-Investment Fund.
Founded by Matthew Lanham in 2012, Edinburgh-based GeckoLabs develops cloud software to help educational institutions reduce the workload of their student recruitment activities.
More than 30 universities and colleges use Geckolabs’ mobile and web tools to organise their real time data and compete in the highly competitive student marketing environment. Clients include Robert Gordon University, Newcastle University, University of East Anglia, University of East London and the University of Southampton.
The software company will use the funding to enhance its product range, invest in marketing and open a new London office. It also plans to expand into North America and Asia in the near future.
GeckoLabs’ Lanham commented: “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.
“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.
Andrew Fullerton, managing partner at AngelLab, continued:
“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 […] from GeckoLabs and to roll out their software to new customers both in the UK and globally.”