Edinburgh-based software start-up GeckoLabs has secured £250,000 in funding from AngelLabs and the London Co-Investment Fund, the parties have announced.

The money will be put towards opening an office in London, with the creation of 10 jobs, and broadening the company’s product range.

Venture capital firm AngelLab led the investment through its Venture Partner Andrew Weisz, who will also join the GeckoLabs board, with additional funding provided by the London Co-Investment Fund.

As well as growing its team, GeckoLabs will use the funding to strengthen its marketing activity and develop new tools for its customers. The company also hopes to expand in to North America and Asia in the near future.

Founded in Edinburgh in 2012, GeckoLabs develops modern cloud-based software to help educational institutions manage and improve their recruitment processes.

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It currently works with over 30 of the UK’s top universities and colleges, including Robert Gordon University, Newcastle University, University of East Anglia, University of East London and University of Southampton.

The business is the brainchild of Matthew Lanham, a digital entrepreneur who has been involved in the Edinburgh tech scene for over 10 years and who started his first business, a web design company, aged just 17.

In 2012 Gecko participated in ignite100, one of the UK’s top tech accelerator programmes, and graduated with investment from Northstar Ventures, IP Group, and four angel investors.

GeckoLabs founder and CEO Matthew Lanham warned that “universities and colleges are not maximising every interaction with students, and therefore missing out on potential enrolments”.

“We’ve taken time to understand the student recruitment process, and identify where improvements can be made by embracing the latest technology,” he continued.

He added that he was “delighted to have received investment from AngelLab and the London Co-investment Fund, and to welcome Andrew Weisz to the board”.

“The incoming investment will help us take the business to the next level, particularly with our ambitions to grow overseas,” he said.

“This is an incredibly exciting time for the business and this funding will mean we can achieve our objectives of expanding the team, opening our base in London and adding new products to the portfolio.”

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