YFM Group Invests in Leading e-learning Company, MyKnowledgeMap
Founded in 2000, MyKnowledgeMap develops web-based software and knowledge systems to support learning and training across the educational, public and private sectors.
With clients such as the British Council, GHD, Leeds University and a number of National Skills Academies, the company has developed strong partnering links and strategically managed the business to the point where further expansion capital was required. The investment came after the management team had received assistance from a YFM Business Development managed scheme, High Growth Coaching.
The introduction of MyKnowledgeMap to the YFM investment team was made internally. The business has clear growth opportunities in both the public and private sectors where there is strong market demand for remote learning solutions.
The dynamic management team, led by highly experienced CEO Rob Arntsen, will utilise the investment to help deliver its ambitious expansion plans.
“We are one of the UK's most rapidly expanding learning technology providers with a reputation for innovative solutions and strong continuing support services. The support from YFM has opened doors, we can now leverage our proprietary software and continue to support the rollout of the National Skills Academies programme,” explained Rob Arntsen.
Ian Waterfield, Investment Manager at YFM said “With a strong client base and clear demand within the government’s upskilling agenda, this is a great opportunity for MyKnowledgeMap and YFM. Rob has built a team who have already demonstrated commitment to the growth and development of both the company and its employees. We look forward to working with Rob as the business evolves.”
The Yorkshire & Humber Equity Fund is one of three regional venture capital funds managed by YFM Group. In the last 12 months YFM has invested in deals worth over £19 million in 37 companies in the region.
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