Adepto secures £2m Series A funding led by Conviction Investment Partners to fuel international expansion
Conviction Investment Partners led the financing round alongside Triple Point to support global growth.
Adepto provides a skills-based total talent software platform that helps multinational enterprises manage internal and external workforces. The company serves large corporate clients including BAE Systems and Capita.
Adepto has secured £2m in Series A funding to support its ongoing international expansion and commercial growth. Conviction Investment Partners led the round, with participation from Triple Point and other backers. The fresh capital will allow the enterprise talent platform to scale operations across Europe, the US and the Asia-Pacific region while strengthening capabilities in sales and engineering.
Based in London, the company provides software that integrates with existing human resources and procurement systems to offer a unified view of internal and external personnel. The latest injection brings Adepto's total funds raised to £4.7m following consistent year-on-year revenue growth.
From the founder
"This investment comes from continued success and growth for Adepto. To date we have had 100% customer retention, and over the last three years have seen 150% year on year revenue growth."
Chris Milligan
CEO at Adepto
Investor perspective
"Conviction Investment Partners was appointed to lead Adepto’s latest round and we were pleased to be able to offer the co-investment opportunity to our syndicate. Having an institutional investor like Triple Point in the round reinforces the attractiveness of the opportunity."
Andrew Jenkins
Founder, Conviction Investment Partners
Use of funds
- 01Expand into international markets
- 02Scale operations
- 03Invest in sales and marketing
