|Thursday, March 17, 2011|
||Created by: Tornado Staff
Dutch elearning company finds US investor
LearningGuide Solutions, a Dutch corporate education software and services company, has bagged €4.3 million from US investor Edison Ventures. The new capital is earmarked to drive sales, marketing and product expansion for the company. LearningGuide also hired a president, CFO, VP marketing and additional US-based professionals in conjunction with the financing.
LearningGuide’s software and content provides end users with performance support. The company’s flagship platform delivers targeted information to employees as they need it. The technology is context sensitive offering role tailored support that provides help and training to solve employees’ workflow challenges. With its offering, LearningGuide aims to increase employee productivity, improve compliance, optimize business processes and reduce costly employee errors.
The firm boasts over 750,000 end-users at 250 customers. Key accounts include the likes of Shell, Deloitte, JetBlue, FDIC, Sky Broadcasting, Herman Miller and News International. LearningGuide primarily targets the verticals financial services, manufacturing, pharma, hospitality and business services.
If investments in European elearning companies keep up the current pace then 2011 may very well prove a record year – post-bubble. Since 2002, elearning companies completed between 3 (2006) and 19 (2008) funding rounds per year. Last year, 13 elearning companies reported venture funding rounds. In the first 2.5 months of 2011 we have already recorded 6 investments. The most recent addition to the list, LearningGuide, is bound to benefit from not only the cash component but also the investor's expertise: Edison Ventures has invested in no less than 12 education technology companies to date.