Aptem has raised $8M to $9M in funding to date
Richard Olberg · He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation · Nov 1, 2023 · at 14:34
Richard Olberg, founder of UK vocational training SaaS platform Aptem, discusses the company's capitalization history with Nathan Latka.
0:00 / 0:01exact quote · 1.8s
720p mp4 · rendered on demand · StarZero watermark
“We've raised about eight or nine million.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Richard Olberg
Olberg: Aptem is the UK's largest vocational training software provider
“There are 40 universities in this country who use our technology. We are the largest provider in the UK of technology for this type of training.”
Olberg grew his previous startup Corndel to £20M revenue in three years
“So in fact, I set up a training company with a partner who was our first customer. And we grew that to be the fastest growing training company in the country. We grew it to over twenty million in revenues in three years.”
Olberg sold his previous training company to private equity for £45M
“Then we sold that business to private equity at the end of, in November, 20, 20. And by the way, we sold it for that number in sterling, not dollars.”
LLM upselling could potentially double Aptem's business
“So we are seeing that as potentially doubling our business just through selling more to the customers we've got.”