Lepaya announces biggest EdTech funding round in EMEA this year
After making three acquisitions and tripling in revenue since its 2021 funding round, Lepaya now strengthens its position as the largest corporate EdTech provider in EMEA by raising $38m, (£30.8m), the biggest round raised in this space in all of 2023.
With the newly acquired capital, Lepaya will double down on the development and go-to-market of the AI-driven capability development platform poised to redefine the way global organisations such as ING, Dell, Maersk, KPMG Freudenberg, and the rest of its 2000 clients identify, close, and track skills gaps. The investment round was led by Endeit and joined by Educapital, Mars Growth Capital, and Liquidity Capital, as well as the existing investors Target Global and Mediahuis Ventures.
Edwin Hengstmengel, Partner at Endeit Capital, said: “It’s impressive how Lepaya managed to engrain its platform as a core part of its client’s upskilling DNA, and we are very excited to be part of the continued journey.”
Revolutionising skill readiness with AI
Lepaya combines artificial and human intelligence to ensure that employees acquire the skills needed to remain effective and productive, in the flow of their daily work. With this new investment round, Lepaya is making additional investments in AI tools such as AI-coach which will adjust the learning content to an individual learner’s context and career level. Further investments will be made to advance the skills data analysis so that the organisations and their leaders reach deeper skills intelligence on organisational and industry levels.
Making navigating change effortless
According to Deloitte research, evolving technologies and new economic realities keep changing jobs at an increasingly fast pace, organisations are moving from jobs as the cornerstone of their workforce to skills, but are still looking for support on the journey.
What is more, advances in technology and the way people work require organisations to rethink the way they ensure future readiness. Lepaya’s investment to further advance its capability development platform is a direct answer to the increasing need for insights into current workforce skills as well as identifying gaps in needed skills.
René Janssen, CEO and Founder of Lepaya, comments: “The rapid developments in AI allow us to provide organisations and the world with what we always had envisioned, and individual employees with what they deserve: a deeply personal insight in skill gaps, and a truly contextualised way to bridge them, by combining the best artificial and human intelligence, and taking care of all the complex operations surrounding global upskilling programs.”