Two years ago, we completed Edflex's first fundraising round of $5,5 million to accelerate our growth. After months of hard work, achieving threefold growth and acquiring over 200 clients... we are proud to announce today a second fundraising round of $13 million.
This investment will enable us to accelerate our growth by investing faster and stronger in our product.
Kudos to our internal teams, clients, partners, and the investors that support us in this funding round. We share a common vision of education—a vision that calls for more instant, accessible, and flexible learning to meet the challenges of tomorrow's world.
In this article, we present our vision, objectives, ambitions, and what will change in the coming months!
Since our inception, we have been striving to create the best online learning solution for daily education. Today, we provide access to high-quality content tailored to every need for nearly a million learners in 135 countries worldwide.
We don't settle for just curating the best learning content available on the internet in various formats (podcasts, articles, videos, online courses, etc.). Since 2023, we have also been aggregating the best existing publishers (certifications, interactive formats, etc.) through Edflex Prime, offering our clients access to over 10,000 sources of content on a single platform.
"Today, our 200 clients recognize the significant value we bring to their learning teams and employees," emphasizes Clément Meslin, co-founder and CEO. "We are entering a new chapter of our growth, which will affirm our position as a leader in aggregation and curation of learning in the European market."
Twenty years ago, the reflex for gaining knowledge as an employee was to go to the library or request learning from one's company. Today, the first reflex is Google. And we want it to be Edflex.
The internet is a true treasure trove, a vast library of knowledge that we have access to, but it can sometimes be challenging to find the right resource for our needs. Millions of pieces of content are published worldwide every day, complementing or replacing many traditional learning methods.
In the corporate world, traditional e-learning and learning catalogs suffer from a lack of "freshness" and outdated formats. We firmly believe that we must change the status quo and assist learning teams in a world where skills evolve rapidly.
Our ambition is to be a major player in content curation by combining technology and human expertise. Identifying, categorizing, and making the best available content accessible (videos, online courses, certifications, podcasts, articles, webinars) is what we do every day.
To help HR/learning teams and users easily access knowledge instantly, we have decided to raise funds to create an even more comprehensive product. We aim to transform e-learning and enable companies to optimize content creation costs while providing an intuitive tool for learning.
We have set three objectives with this fundraising round.
Adapting to the needs of businesses and accelerating the development of our ambitious roadmap is one of the major reasons for this fundraising. With a product already well-integrated into daily tools such as Teams, Slack, Google, LMS/SIRH, we will continue to work diligently to achieve the best integrations with market-leading tools.
In terms of content, we aim to strengthen partnerships with exclusive publishers (such as CEGOS) while prioritizing quality over quantity. Our goal is to offer the best content library in the market, combining the expertise of top experts in each field with the best online course providers. All of this will be available in multiple languages, formats, and across more than 230 topics.
We aspire to expand our impact worldwide. With over 200 active clients already, including a majority of major companies (Total Energie, Radio France, Air France, AXA, Orange...), we aim to continue our growth by collaborating with even more mid-sized and large enterprises in the coming years. This will help us achieve the ambitious goal of reaching 10 million users.
But our ambitions extend beyond the French market. With over 55% of users already connecting from abroad, we want to capitalize on our existing presence to further expand globally. Our product allows users to consume content in French, English, Spanish, and German, and what users appreciate the most (with content rated 4.9/5) is that our catalog offers native resources. ⚡️
Beyond our user base, we aim to develop a stronger presence internationally, starting with Europe and then expanding into North America.
Already, 50% of our users are accessing our platform outside of France, and we are proud to offer a product that has always been designed with a global perspective. We are ready to accelerate skills development across the world!
"We are delighted to have the support of both new and existing investors as we continue to redefine the landscape of online learning," shared Philippe Riveron, co-founder, and Chairman of Edflex. "With this new funding, we are ready to improve our solution, establish strategic partnerships, and reach even more learners around the world."
For this Series B round, we are fortunate to share common values with our investors: impact and building a mission-driven company. Educapital, Wille Finance, and Jean-Stéphane Arcis (founder of Talentsoft and business angel) have joined Edflex alongside our historical partners: MAIF avenir, We Positive Invest (Arkea Capital), who have invested additional funds in this funding round.
"Edflex has continually demonstrated its commitment to supporting learners in their development through personalized, flexible, and high-value learning formats," said Litzie Maarek, partner at Educapital. "We believe they are well positioned to support L&D (Learning & Development) over the long term, and we are delighted to support their growth alongside the other investors."
In summary, these $13 million will enable us to further develop our product, recruit talent, and support more businesses. Our overarching mission is to accelerate the upskilling of millions of employees.
We will keep you informed of our progress every step of the way! 🙌
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