Skip to main content

OpenClassrooms raises $80 million for its online education platform

French startup OpenClassrooms has raised an $80 million Series C funding round led by Lumos Capital Group. The company operates an online education platform in French and English. Users can choose among 54 training programs and get a diploma at the end of the program — some of those program lead to French-state-recognized bachelor and master diplomas.

GSV, the Chan Zuckerberg Initiative (CZI) and Salesforce Ventures also participated in today’s funding round. Existing investors General Atlantic and Bpifrance invested once again in the company.

OpenClassrooms covers many different fields, from web development to digital marketing, product management, HR and sales. Those paths are quite demanding as it can take 6 to 12 months of full-time work to complete a training program. OpenClassrooms partners with mentors so that they can help you remain motivated.

At the end of the program, the startup guarantees that you’ll find a job. If you have a hard time finding a job, the company works with career coaches to make sure that you find a job that fits you. In 2020, 4,300 students found a job or received a promotion after participating in an OpenClassrooms program.

In France, people qualify for public subsidies in order to fund professional education programs. And students can pay for OpenClassrooms courses using those public subsidies.

The company says that the pandemic has had a positive impact on online education. Many people are looking for reskilling and upskilling opportunities and end up on OpenClassrooms. In addition to programs for individuals, the startup also offers courses to 1,400 companies.

Some companies, such as Capgemini, have teamed up with OpenClassrooms to offer apprenticeship programs. Students get to learn new skills and work for Capgemini at the same time. The apprenticeship program could be particularly attractive for companies with a high turnover that can’t find talent to fill open positions. There are currently 1,500 students following an apprenticeship program.

All of this has been working well as revenue during the first quarter of 2021 is 140% higher than Q1 2020 revenue. Recently, OpenClassrooms applied for the B-Corp certification. The company still offers free classes if you’re looking for your next weekend project.

OpenClassrooms and Capgemini team up and launch an online apprenticeship program



from Startups – TechCrunch https://ift.tt/3gHqCox
Labels:

Comments

Post a Comment

Popular posts from this blog

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale , while the fund is called Axeleo Capital . And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well over the 12 to 18 months of the program, Axeleo funds those startups using its VC fund. Limited partners behind the company’s first fund include Bpifrance through the French Tech Accélération program, the Auvergne-Rhône-Alpes region, Vinci Energies, Crédit Agricole, BNP Paribas, Caisse d’Épargne Rhône-Alpes as well as various business angels and family offices. The firm is also partnering with Hi Inov, the holding company of the Dentressangle family. Axeleo will take care of the early stage in...
Post a Comment
Read more

TikTok’s rivals in India struggle to cash in on its ban

For years, India has served as the largest open battleground for Silicon Valley and Chinese firms searching for their next billion users. With more than 400 million WhatsApp users , India is already the largest market for the Facebook-owned service. The social juggernaut’s big blue app also reaches more than 300 million users in the country. Google is estimated to reach just as many users in India, with YouTube closely rivaling WhatsApp for the most popular smartphone app in the country. Several major giants from China, like Alibaba and Tencent (which a decade ago shut doors for most foreign firms), also count India as their largest overseas market. At its peak, Alibaba’s UC Web gave Google’s Chrome a run for its money. And then there is TikTok, which also identified India as its biggest market outside of China . Though the aggressive arrival of foreign firms in India helped accelerate the growth of the local ecosystem, their capital and expertise also created a level of competit...
Post a Comment
Read more