Rise Up, a Paris-based employee learning software solution, has raised €30 million in a funding round from SaaS-focused investment fund Connected Capital, with the participation of existing investor MAIF Avenir and first shareholder Impact Partners.
With the latest investment round, the company plans to work on European growth, expand its team and product suite, and localize its learning and development solutions for European markets.
Founded in 2014 by Arnaud Blachon and Guillaume Blachon, Rise Up supports companies in organizing, developing and maintaining skills development with a complete offering that combines technology, expertise and training content. The human-centric, AI-driven software solution provides each individual with a personalized, adaptive approach to learning with features such as an intuitive blended learning environment, motivational chatbot, and a Microsoft Teams integration.
By offering a personalized training experience, the platform encourages learning and ultimately empowers employees to become actors in their skills development.
Commenting on the investment, Rise Up co-founder and CEO Arnaud Blachon said:
“As we continue to navigate the COVID-19 pandemic, hybrid learning is fundamental. Rise Up provides an inclusive learning platform that turns this critical business challenge into an opportunity for our clients. Our partnership with Connected Capital, with a focus on B2B SaaS, and their experience with HR tech companies in particular, will enable us to further strengthen our position in local European markets.”
Rise Up’s mission is to develop a solution that can drive learning through an ultra-personalized training experience leveraging AI and neuroscience.
The company currently serves more than 400 customers and 1 million active students in 60 countries.
Connected Capital investment manager Sander Pennings added:
“Rise Up’s rich suite of products, combining LMS, LXP and content authoring, is already adding critical value to businesses ranging from SMBs to large companies such as Axa, Schneider Electric and Domino’s. We are impressed with the efficient growth in recent years in today’s markets and are excited to contribute to the company’s accelerated international expansion.”
To activate the acquisition and embedding of key knowledge, the Rise Up algorithm makes it possible to propose training and scenario revisions for employees on time and at an optimal pace (in macro or micro learning). The startup guides the learner, the manager and the trainer throughout the learning cycle.
By June 2020, Rise Up had raised $5.7 million as part of its Series A funding round led by Impact Partenaires and MAIF Avenir.
About the author
Author: Shalini Pathak
Shalini Pathak is a staff writer at EdTechReview (ETR) – India’s leading edtech media and community. She has more than four years of experience in the media, with different beats. Like all writers, she is first and foremost an avid reader with a passion for creating out-of-the-box content and the ability to write about any topic. As part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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