AppLearn secures debt financing from Silicon Valley Bank and NPIF to scale international reach
The revolving lending facility from Silicon Valley Bank and NPIF Maven Equity Finance will fund international expansion and job creation.
AppLearn provides a digital adoption platform designed to help organisations optimise technology investments and guide users through software applications.
Manchester-based software provider AppLearn has secured an eight-figure debt financing package from Silicon Valley Bank and NPIF Maven Equity Finance. The revolving lending facility will allow the digital adoption platform provider to scale its international reach and expand its workforce by up to 60 new roles in the North West. The funding will support the rollout of its flagship Adopt product into new territories including South Africa and accelerate its presence in North America. This latest injection follows previous backing from California-based K1 Investment Management in 2019.
From the founder
"Silicon Valley Bank and NPIF -Maven’s support comes at a pivotal time for our business. The strides we have made in the digital adoption market over the last three years has placed AppLearn on the cusp of transformative growth. This funding now enables us to put in place the foundations to fuel our ambitious international strategy and growth plans."
Andrew Avanessian
CEO at AppLearn
Investor perspective
"AppLearn is addressing a genuine need in in the industry for digital transformation services. The business is well placed to take advantage of the current migration to a digital economy and leverage off the new challenges facing enterprises today. We’re delighted to back Andrew, Adam and the team who are experienced and technology focussed with an excellent reputation in the market."
Dean Cox
Investment Director, Maven Capital Partners
Use of funds
- 01Expand into international markets
- 02Grow the team
