Mercia EIS Funds – Edinburgh Tech Firm Set to Expand in North America
- On July 17, 2019
- By GrowthInvest
An Edinburgh company whose software platform helps universities to engage and recruit students has secured £1.8m investment from Mercia Fund Managers, the Scottish Investment Bank’s Co-Investment Fund and existing angel investors.
This latest funding round will allow GeckoLabs to more than double the size of its team and expand its operations in North America. It brings the total raised by the company to £3m. Gecko’s student engagement platform GeckoEngage allows universities to capture, manage and follow up with prospective students, and is used by over 50% of the UK higher education market including leading names such as Cambridge, St Andrew’s, Edinburgh and Durham Universities. The company also has almost 30 clients in the USA and Canada.
Marcus Henderson, Investment Manager at Mercia, said: “Gecko has a proven product with a loyal customer base and is now entering a critical phase in which it has the opportunity to scale the business in the North American market. This investment will support it through its next phase of growth and development. We will be working closely with the entire Gecko team to help them achieve this successfully.”
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