A fast-growing French employee learning software solution, Rise Up, has grabbed €30 million in Series B funding. The financing round was led by Connected Capital, a B2B SaaS-focused investment fund, which invested in Eurora, its existing investor MAIF Avenir and its first shareholder Impact Partners. Prior to this, the company secured initial seed funding in 2018 and its Series A funding in 2020.
Rise Up will deploy the fresh funds to scaleup and advance its European growth, thereby enabling further expansion of the commercial organisation and product suite. It will also focus on the localisation of its learning and development solutions for the European markets.
Rise Up Co-Founder & CEO Arnaud Blachon explained, “As we continue to navigate the COVID-19 pandemic, hybrid learning is fundamental; Rise Up offers an inclusive learning platform that transforms this crucial business challenge into an opportunity for our customers. Our partnership with Connected Capital, with its focus on B2B SaaS, and their experience with HR tech companies in particular, will allow us to further strengthen our position in local European markets.”
“Learning software solutions are increasingly relevant for organisations and Rise Up’s ability to serve customers with complex learning requirements – different user groups, (blended) learning formats, multiple entities and countries within one organization – differentiates them as the one learning solution easily accessible across the full organization,” added Sander Pennings of Connected Capital. “Rise Up’s rich product suite combining LMS, LXP and content authoring is already adding crucial value to companies ranging from SMEs to large corporations such as Axa, Schneider Electric and Domino’s. We are impressed with Rise Up’s efficient growth over the last years in its current markets and are excited to contribute to the company’s accelerated international expansion.”
One-stop-shop learning solution
Founded in 2014 by Arnaud and Guillaume Blachon, Rise Up is a blended learning platform, which revolutionises the learning experience for all stakeholders, including trainers, learners, and administrators. Since its debut, the company has almost doubled its revenues and staff each year. Now, it is a one-stop-shop learning solution, which combines LMS, LXP, LCMS, LRS, mobile and multi-modal services. The startup serves over 400 customers and 1 million active learners in 60 countries.
Reportedly, the global learning and development industry will reach $402 billion by 2022 and the European market is expected to grow in the mid-single digits annually over the next 3 to 5 years. Targeting to capture this growth, Rise Up, which operates with offices in Paris, London, Brussels, Amsterdam, Lisbon and Munich, is building a solid network across Europe and is focusing on growing in these markets.
Rise Up has witnessed this success as it is easy to use for both learners and administrators. Also, it provides easy product configuration, which lets customers mirror their organisational structure in the platform. It uses innovative technology harnessing both Machine Learning and Artificial Inteligence. The other aspects that it is known for include simple integration and exceptional customer support.
Its human-first, AI-driven software solution provides each individual with an adaptive and personalised approach to learning. There are some unique and interesting features such as
an intuitive blended learning environment, a motivational chatbot, and Microsoft Teams integration.