- 360Learning, a French education startup, has raised $200 million in new funding.
- The round was led by Sumeru, SoftBank Vision Fund 2, and Silver Lake Waterman.
- Insider got a look at the pitch deck 360Learning used to raise the fresh funds.
360Learning, a French education startup used by the likes of the luxury-goods giant LVMH and Toyota, has raised $200 million in fresh funding.
The Paris firm, founded in 2013, has built a platform that allows learning and development teams to create courses and share them with their employees. 360Learning’s software focuses on collaboration, allowing various stakeholders to work on course content at the same time.
The company said its tech carves up the amount of time it takes to develop tailored learning courses, and that completion rates are much higher than industry standards.
“What we’re doing is rebooting corporate culture with an extremely collaborative learning process,” said Nick Hernandez, 360Learning’s CEO.
“COVID-19 has helped demonstrate that companies have a problem with skills. Baby boomers are retiring, taking their skills with them, and the best young people are creating startups, so employees need better technology to learn more effectively.”
Customers have created over 3 million courses on the platform to date, the company said. 360Learning has now raised over $240 million in funding and has 1,500 customers.
The round was led by Sumeru Equity Partners, SoftBank Vision Fund 2, and Silver Lake Waterman, with the participation of existing investors Bpifrance Large Venture, XAnge, and Educapital.
360Learning plans to use the funds to hire around 250 people in the next 18 months, mostly in the US, Hernandez said.
Check out the company’s redacted pitch deck below.
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