/24-7PressRelease/ - North Yorkshire, UK, August 20, 2008 - 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 public and private sector where there is strong market demand for remote learning solutions, the dynamic management team and highly experienced CEO Rob Arntsen will utilise the investment for 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 existing 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, and I look forward to working with Rob as the business evolves."
Yorkshire & Humber Equity Fund has now finished investing in new companies, but is still open to invest in the current portfolio. 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.
Further information from:
Tom Holland, MyKnowledgeMap +44 (0) 1904 659465
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