Paris-based Rise Up, a company that provides an employee learning software solution, announced that it has raised €30M in its Series B round of funding.
The round was led by Amsterdam-based Connected Capital, a B2B SaaS-focused investment fund. Existing investors MAIF Avenir and Impact Partners also participated in this round.
MAIF Avenir is the first French VC fund to invest in mission-driven companies. Managing more than €250M in assets with more than 45 investments, the firm supports startups from Seed to Series B stage.
Impact Partners is the first platform fully dedicated to impacting investing in Europe.
Through its Impact Growth Fund with investments ranging from €2M to €15M, Impact Partners provides financial and human support to social entrepreneurs in Europe willing to scale.
It also supports those who want to create their own franchise business in deprived areas through its Impact Seed fund with investments ranging from €50K to €500K. The firm has more than €350M in assets under management.
Rise Up says that the funds will further accelerate its European growth, allowing expansion of the commercial organization and product suite as well as localization of its learning and development solutions for European markets.
Learning is one of the most fundamental business challenges and top of mind for both CEOs and employees. According to a statement provided by Rise Up, 79 percent of CEOs worldwide identify the lack of essential skills in their workforce as a threat to future growth, and the inability to learn and grow is the #1 reason for employees to look for a new job.
Founded in 2014 by brothers Arnaud and Guillaume Blachon, Rise Up is looking to revolutionize the learning experience with its blended learning platform for all stakeholders – trainers, administrators, and learners.
Across all approaches, e-learning, face-to-face and mobile, and in compliance with the regulatory framework, Rise Up claims to have become a one-stop-shop solution from being a learning experience provider (LXP – Learning experience platform), a learning management solution for Human Resources (LMS – Learning Management System), and an authoring tool for trainers (Authoring Tool).
Currently, the company has over 100 employees in six key countries across Europe. Rise Up says it has doubled both its revenues and staff every year since its inception in 2014.
Its learning solution serves over 400 customers and 1 million active learners in 60 countries.
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