This second financing round for this scale-up will increase the European expansion of the company, allowing the progression of its commercial organization and its product range as well as the localization of its solutions for European markets.
Co-founder and CEO of Rise Up, Arnaud Blachon explains: “As we continue to navigate the COVID-19 pandemic, blended learning has become fundamental; Rise Up offers an inclusive professional training platform that turns this critical business challenge into an opportunity for our clients. Our partnership with Connected Capital, with its expertise in B2B SaaS and its experience with HR technology companies in particular, will allow us to grow our development and strengthen our position in local markets in Europe. »
Today, learning is one of the most fundamental business challenges and a priority for business leaders and employees. 79% of CEOs globally identify their employees’ lack of critical skills as a threat to future growth (PWC), and the inability to learn and grow is the #1 reason employees seek a new job (Bersin and LinkedIn).
“Learning solutions software is becoming increasingly relevant and Rise Up’s ability to meet the needs of customers with complex learning challenges – different user groups, mixed training formats, entities and multiple countries in one organization – differentiates it as the only professional training solution easily accessible across the organization” added Sander Pennings of Connected Capital. “The Rise Up product line combining LMS, LXP and Content Creation Tool is already adding critical value to small to large enterprises such as Axa, Schneider Electric and Domino’s. Given Rise Up’s impressive traction in its current markets, we see strong potential for sustained international expansion. »
Success story: Integrated and adaptive learning with exemplary customer service
Every year since its inception in 2014, Rise Up has doubled its revenue and workforce. Today, its one-stop-shop professional training solution, combining LMS, LXP, LRS, LCMS and mobile and multimodal services, serves more than 400 customers and 1 million active learners in 60 countries. Rise Up’s reputation is based on its ease of use, for both learners and administrators; easy product configuration, allowing customers to mirror their organizational structure in the platform; innovative technology, using both artificial intelligence and machine learning techniques; easy integration with existing HR and business systems; and exceptional customer support. The human-engineered, AI-built solution offers each individual a personalized and adaptive approach to learning. Unique features, including an intuitive inclusive training environment, a motivational chatbot and integration into Microsoft Teams (a first in France), make the learning experience both positive and engaging. Rise Up also creates a positive social impact in its local communities, by offering extended access to training, by offering its solution to beneficial associations and by supporting youth employment with apprenticeships and professional immersions.
The learning industry: full of potential
The global learning industry will reach $402 billion by 2022 (Beroe Inc) and the European market is expected to experience mid single digit annual growth over the next 3-5 years. With offices in Paris, London, Brussels, Amsterdam, Lisbon and Munich, Rise Up has begun to build a strong network across Europe, and the tech scale-up is aiming for strong growth in these markets. Rise Up has been named a Core Challenger by Fosway Group in its 9-Grid™ for Learning Systems and an Accredited Learning Technology Provider by the Learning and Performance Institute (LPI). Recognized for its strong growth, Rise Up was named to the Palmarès Recrutement 2022 by Le Figaro as well as to the TECH500 by Data Recruitment.
Prior to this Series B investment, Rise Up has raised less than €5 million since its launch in 2014 in Paris. The company completed its initial fundraising in January 2018 with several investor partners, including IMPACT Partners, Bpifrance and BNP Paribas, and secured its second fundraising in June 2020 with MAIF Avenir, IMPACT Partners and Bpifrance. In January 2021, Rise Up signed a strategic partnership and equity investment with Ifpass.
Financial details of the agreement remain confidential.
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Private Markets – Rise Up raises €30m to advance professional training across Europe in a round led by Connected Capital
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