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

Puls raises $50 million for in-home technical support

A fund affiliated with the Singaporean government has a great interest in making sure that American consumers are getting the tech support they need. Temasek, the multi-billion-dollar investment fund associated with the government in Singapore, has led a $50 million round for  Puls Technologies, Inc. , a San Francisco-based company aiming to be the tech support for American homes and offices. Current investors Sequoia Capital, Red Dot Capital Partners, Samsung NEXT and Viola Ventures all participated in the new financing, alongside additional new investors Hanaco Ventures and Hamilton Lane. Founded only three years ago, Puls pitches a service that can match consumers with the appropriate technician in a little over an hour, any day of the week. The company has built a network of 2,500 technicians in the top 50 cities in the United States, and will provide same-day installation and repair of over 200 products. Some things the company’s technicians can service include smartphon...
Post a Comment
Read more