Tracxn - Corporate Learning Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Corporate Learning - Apr 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on April 19, 2018.
Corporate Learning Feed Summary
4
Corporate Learning > Feed Summary
Companies which provide training courses, learning platforms, networking platforms, and learning management &
administrative solutions for corporates
• Inclusions: All companies that provide learning content,
simulation-based courses, serious games, and other
educational resources for employee training. Also,
contains solutions for learning management, content
authoring & management, networking, and other IT-based
solutions for trainers.
• Exclusions: Corporate talent management platforms,
enterprise collaboration software, marketplace for offline
educational products, book publishers, offline training and
services companies etc.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$2.2B
Funding
11
Mega
Companies
3761433
FundedCovered on
Tracxn
1
Unicorns
9
Soonicorns
10
Minicorns
5
IPO’d Cos
115
Late Stage Cos
28
10
Acquisitions
72
DeadPooled
79
Acquihired
Series A+ Cos
D2L
(1999, Kitchener, $165M)
Kaltura
(2006, New York City, $144M)
Skillsoft
(1998, Nashua)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Corporate Learning
5
$59M - Series B
Absorb LMS (2003, Calgary, $59M)
$30M - Series B
Area9 Learning (2010, Denmark, $30M)
$50M - Series F
Kaltura (2006, New York City, $144M)
$27M - Series B
Axonify (2011, Waterloo, $27M)
$42.8M - Series B
Panopto (2007, Pittsburgh, $47M)
$27M - Series B
MindTickle (2011, Pune, $41M)
$42M - Series C
Degreed (2012, San Francisco, $86M)
$26M - Series B
BetterUp (2013, San Francisco, $39M)
$41M - Series D
Catalant (2013, Boston, $41M)
$16M - Series B
Everwise (2013, New York City, $27M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Corporate Learning > Feed Summary > Investment Trend Summary
Seed Alven (#2), Imprimatur Capital (#2), London Co-Investment Fund
(#2)
Series A/B Four Rivers Group (#2), Rethink (#2), 2B Angels (#1)
Series C+
Alpina Partners (#1), Beech Tree Private Equity (#1), Cardinal
Capital Group (#1)
Incubators 500 Startups (#9) Techstars (#7) Y Combinator (#3)
Other Notable
Investors
2M Companies (#2), Kaplan Ventures (#2), SaaS Capital (#2)
Debt Investors Lighter Capital (#2), Enterprise Ventures (#1), Silicon Valley Bank
(#1)
Most Active InvestorsRecent Investments
135 141
179
101
23
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 55 44 82 65 53 16
$83M
$196M
$385M
$319M
$230M
$171M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$1.6B
$279M
$152M
$68.7M
$24.6M
US
Canada
Europe
India
Australia
$ Funding

Summary of exit outlook in Corporate Learning
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Alignment Capital
Group
1 Velpic (2008, Perth, $3.5M)
Baillieu Holst 1 Velpic (2008, Perth, $3.5M)
Sanlam 1 Velpic (2008, Perth, $3.5M)
Spire Capital 1 Certiport (1997, American Fork)
Crosslink Capital 1 Saba (1997, Redwood Shores)
Feb 2015 Saba Acq by Vector Capital for $400M
Oct 2014 Relias Learning Acq by Bertelsmann for $540M
Mar 2014
Skillsoft Acq by Charterhouse Capital Partners for
$2.0B
May 2012 Certiport Acq by Pearson VUE for $140M
Oct 2011
Global Knowledge Acq by Welsh Carson Anderson
Stowe for $145M
Jan 2011 GeoLearning Acq by SumTotal Systems
Corporate Learning > Feed Summary > Exit Outlook Summary
Providence
Equity Partners
1 VectorLearning (Dec 2014)
Charterhouse
Capital Partners
1 Skillsoft (Mar 2014, $2B)
Welsh Carson
Anderson Stowe
1 Global Knowledge (Oct 2011, $145M)
Vector Capital 1 Saba (Feb 2015, $400M)
Convergys 1 Digital Think (Mar 2004, $120M)
Recent IPOs Top Acquisitions
Bluedrop
Training & simulation provider
IPO MCap: - Current MCap: $14.8M
Moovly Aug 2016
SaaS platform for creating animated conte…
IPO MCap: $1.1M Current MCap: $8.3M
Velpic Jul 2011
B2B SaaS platform for corporate training
IPO MCap: $36.4M Current MCap: $4.8M
Janison Sep 2000
Online learning and assessment platform p…
IPO MCap: - Current MCap: -
VCampus Corporation
Virtual training platform for corporates
IPO MCap: - Current MCap: -

April 2018Tracxn BlueBox – Corporate Learning
1430+ companies in the sector, 191 funded in last 5 years, $645M invested in last 2 Years
Most Active Investors: Techstars, 500 Startups, Right Side Capital Management, Riverside Company, GSV
Labs
Learning Platforms
HealthCare
Medical Simulation Corporation (1998, Denver, $42.1M)
Multi Sector
Fullbridge (2010, Boston, $29.5M)
$271M
Industrial Training
Serious Labs (2005, Edmonton, $11.4M)
Networking Platforms
Expert Marketplace
GLG (1998, New York City, $442M)
Mentor Network
BetterUp (2013, San Francisco, $38.9M)
Training Discovery
Find Professional Training Courses (2001, Stockholm)
$612M
Training Institute Management
Teach 'n Go (2013, Amsterdam, $498K)
$1.3M
Employee Further Education
Sunlight (2016, London, $662K)
$662K
Learning Management System $1.3B
Horizontal
D2L (1999, Kitchener, $165M)
Content Management
Assessment
Turning Technologies (2002, Youngstown, $49.6M, Acq.)
Corporate Learning > Feed Summary > BlueBox
Cumulative funding in the market
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com
7

Key Sub Sectors in Corporate Learning Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Learning Management System > Multi
Sector >
Horizontal
396 $242M 32
Networking Platforms >
Expert Marketplace 69 $82.8M 13
Networking Platforms >
Mentor Network 48 $41.3M 7
Sector > Content Management >
Gamified
19 $17.4M 5
Video Content Management
22 $107M 4
Learning Management System > Sector
Specific >
Sales
31 $37M 4
Collaborative
28 $19.7M 3
Learning Platforms > Industrial Training >
Interactive Learning 25 $12.5M 4
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Learning Management System
Companies providing software solutions for
employers to manage and deliver corporate...
815 221 $1.3B
Companies providing online networking platforms for
companies, professionals, and experts
133 38 $612M
Learning Platforms
Companies that offer content-driven platforms, online
courses, learning resources, interactive...
440 112 $271M
Companies that provide software solutions for
training institutes to manage administrative...
39 4 $1.3M
Solutions that allow companies to manage continuing
education programs for employees
6 1 $662k
Corporate Learning > Feed Summary > Summary of Key Markets

List of Notable Companies in Corporate Learning
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Corporate Learning > Feed Summary > Notable Companies in the Sector
Public
Velpic
(2008, Perth, $3.5M)*
Moovly
(2013, Zellik, $821k)
VCampus Corporation
(2004, Reston, $1M)
Bluedrop
(1992, St. Johns)
Janison
(1998, Coffs Harbour)
Acquired
Skillsoft
(1998, Nashua)
Relias Learning
(2012, Cary)
Saba
(1997, Redwood Shores)
Global Knowledge
(1995, Cary)
Certiport
(1997, American Fork)
Digital Think
(1996, San Francisco)

List of Notable Companies by Market in Corporate Learning
Notable Companies by Market (1/3)
11
Corporate Learning > Feed Summary > Notable Companies by Market
Multi Sector
Learning management system for K-12, higher
education and enterprises
Soonicorn. Stage: Series B
Columbus Nova Technology Partners, Graham
Holdings Co, Four Rivers Group and 4 Other
Investors
Open source video platform
Soonicorn. Stage: Series F
Goldman Sachs, ORIX, Nokia Growth Partners and
11 Other Investors
Degreed (2012, San Francisco, $85.6M)
e-Portfolio assessment
Soonicorn. Stage: Series C
Owl Ventures, Jump Capital, Founders Circle Capital
and 8 Other Investors
Multi Sector
Grovo (2010, New York City, $73.3M)
Corporate Learning Management System (LMS)
Accel Partners, Costanoa Venture, Vayner/RSE and
12 Other Investors
Panopto (2007, Pittsburgh, $46.8M)
Digital media recording and content management
company.
Sterling Partners, Square 1 Bank, Saturn Partners
Mzinga (2007, Burlington, $42.5M)
Workplace and customer communities solutions
Soonicorn. Stage: Series D
Bluecrest Capital Finance, W Capital Partners, GE
Equity and 1 Other Investors
Multi Sector
Bloomfire (2010, Austin, $32.8M)
SaaS workplace collaboration tool for sales and
support reps
Austin Ventures, Silver Creek Ventures, Redpoint
Ventures and 1 Other Investors
Velpic (2008, Perth, $3.5M)
Stage: Public
Alignment Capital Group, Baillieu Holst, Sanlam
VCampus Corporation (2004, Reston, $1M)
Stage: Public
Moovly (2013, Zellik, $821k)
SaaS platform for creating animated content
Stage: Public

12
Multi Sector
Saba (1997, Redwood Shores)
Software for Human Capital Management
Editor's Pick. Stage: Acquired
Sequoia Capital, Vector Capital, Crosslink Capital
Janison (1998, Coffs Harbour)
Online learning and assessment platform provider
for corporates
Stage: Public
Sector Specific
Relias Learning (2012, Cary)
Enterprise learning platform for healthcare sector
Stage: Acquired
Wavecrest Growth, Vista Equity Partners
Learning Platforms
Multi Sector
Learnship (2008, Cologne, $12.2M)
Online corporate language learning solution
Soonicorn. Stage: Series A
THI Investments, Join Capital, Capnamic Ventures
Skillsoft (1998, Nashua)
Unicorn. Stage: Acquired
Sound Point Capital, Morgan Stanley, SI Ventures
Global Knowledge (1995, Cary)
Learning services and professional development
solutions provider
Stage: Acquired
Maranon Capital, MidOcean Partners
Certiport (1997, American Fork)
Certifications platform
Stage: Acquired
Spire Capital

13
Learning Platforms
Multi Sector
Digital Think (1996, San Francisco)
Online corporate training platform
Stage: Acquired
Quad Partners, Granite Ventures, Worldview
Technology Partners
Healthcare
Medical Simulation Corporation (1998,
Denver, $42.1M)
Simulation-based training products for healthcare
professionals
Redhills Ventures
Industrial Training
Bluedrop (1992, St. Johns)
Stage: Public
Royal Bank of Canada, Difference Capital Financial,
Grenville Strategic Royalty

List of Notable Companies in Corporate Learning in China
Notable Companies in the Sector in China
14
Corporate Learning > Feed Summary > Notable Companies in the Sector in China
Public
ATA
(1999, Beijing)

Recent News in Corporate Learning Sector
Recent News
15
Corporate Learning > Feed Summary > Recent News
Apr 2018
Birketts advises PSI on acquisition of eAssessment giant, Cambridge
Network
Apr 2018
1HUDDLE Closes Successful $3M Series A Fundraising Round,
PRWeb
Apr 2018
Skillsoft unveils leadership development prog for the digital age,
CyberMedia India Online
Apr 2018 PSI snaps up assets from Sheffield’s learndirect, Business Link
Apr 2018
Global Corporate Training Market Size by Key Players Like MHI
Global, Skillsoft, Articulate, GP Strategies and Desire2Learn 2018 –
2025, iCrowdNewswire
Apr 2018
D2L Updates Brightspace with Professional Development Features,
Campus Technology
Apr 2018
Panopto Announces Support For NewTek NDI® Standard, PR
Newswire
Apr 2018
Kaltura Partners with Massive to Launch Targeted TV Solution,
GlobeNewswire
Apr 2018
Docebo Partners with LinkedIn Showcasing Its Latest Content
Marketplace Integration, PRWeb
Apr 2018 Velpic has strongest quarter of revenue growth yet, Tech Capital
Apr 2018
SalesHood Launches Corporate Stories Platform to Scale Tribal
Knowledge Sharing, PRWeb
Apr 2018
International Scholarship and Tuition Services Announces SOC 2
Type 2 Compliance, PRWeb
Key Recent News Key Recent News
Apr 2018
Inspired eLearning Wins 2 Gold And A Silver At The 16th Annual
Horizon Interactive Awards Competition, PRWeb
Apr 2018
COMATCH, the online marketplace for consultants, raises another
€8 million, EU-Startups
Apr 2018
CYPHER LEARNING Announces Launch of Adaptive Learning
Feature for its Products NEO and MATRIX, Business PR News
Apr 2018
Saba expands Board of Directors with the Appointment of Neil
Hudspith, PR Newswire
Apr 2018
Velpic appoints globally experienced Justin Klintberg to board to
assist in next growth phase, Tech Capital
Mar 2018
Koru Raises $8M Series A Round For Its Talent Marketplace,
TechCrunch
Mar 2018
Betterup Raises $26 Million In Series B Funding To Democratize
Professional Coaching, Reuters
Mar 2018
Brainshark Included in Sales Readiness Tools Report from
Independent Research Firm, PR Newswire
Mar 2018 Saba launches new learning experience, Enterprise Times
Mar 2018
EcoVadis Gold Rating Recognizes NetDimensions Commitment to
Corporate Social Responsibility, PressReleasePoint
Mar 2018 GLG Names Paul Todd CEO, Citybizlist
Mar 2018
360training.com Launches TREC-Approved Recorded Proctoring for
Texas, BestProductsReview
Mar 2018
Divyalok Sharma to serve on Association of Test Publishers board,
NewsBarons

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
16
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
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K-12
Mar 2018
Electric Vehicles
Mar 2018
Enterprise Collaboration
Mar 2018

$64M
$159M
$83M
$196M
$385M
$319M
$230M
$171M
0
10
20
30
40
50
60
70
80
90
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
$400M
$450M
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Corporate Learning; 2011-2018
Global Funding Trends (1/2)
18
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Corporate Learning > Investment Trends > Global Funding Trends
#Rounds
$Funding
24% $ Funding
5% $ Funding
20% # of Rounds
6% # of Rounds

$3M $11M $21M $20M $22M $19M $18M $1M
$40M
$120M
$47M
$129M
$132M
$210M
$158M
$127M
$20M $28M $15M $47M $230M $90M $53M $42M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
11 26 42 30 47 39 25 3
6
8 11
11
29 23
23
11
1 2 2 3 6 3 5 2
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
18 16
Total # of Rounds
$44M
$105M
$0K
$132M
$212M
$181M
$127M
$98M
0
1
2
3
4
5
6
0
50000000
100000000
150000000
200000000
250000000
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
19
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Corporate Learning; 2011-2018
Corporate Learning > Investment Trends > Global Funding Trends
33
37
27
35
31
19 182
$3.6M
$2.1M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
$7.0M
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
2 2 - 2 1 5 3 3 $3.6M $0.9M $1.2M $1.1M $1.3M $6.6M - $2.1M
$64M
$171M
Total $ Invested

Corporate Learning > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Corporate Learning
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
New York City 755M 49
Bay Area 180M 52
Kitchener 165M 2
Boston 78.2M 15
Calgary 64M 2
Austin 55M 14
Pune 52.3M 5
Seattle 51.4M 10
Pittsburgh 46.8M 2
Burlington 42.5M 2
Total Funding
271
20
95
38
14
3
7
1
# Rounds
$1.6B
$279M
$152M
$68.7M
$24.6M
$10M
$2M
$1.6M
US
Canada
Europe
India
Australia
Israel
SEA
Japan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.4
$0.5
$0.7 $0.8 $0.7 $0.7 $0.9
2011 2012 2013 2014 2015 2016 2017
$3.1
$16.2
$3.8 $4.3 $4.9 $4.6 $3.0
$14.0
$6.0 $6.1
$45.0
$6.2
$16.6 $14.2
$20.0 $14.0 $7.4
$47.0
$76.8
$45.0
$17.8
Corporate Learning > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Corporate Learning; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$135* $4.4M
$200K $80M
$1.5M $85M
$956K $212M
$20M
$8.9M
$3.8M
$500K
Series C+
Series B
Series A
Seed
Stage

Note: 167 companies with undisclosed funding amount are not included
22
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
89
84
38
3
3
No. of Companies
Corporate Learning > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Corporate Learning; as of Apr 2018
Distribution of companies by Funding Range
$36M
$285M
$866M
$218M
$751M
$ Investment

Stage No. of Companies
Funding
Funnel
100%
26%
8%
4%
2%
23
Note: Numbers in the brackets show the count of companies
Time to raise
next round
28
55
115
376
1433
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
26% 1%
(20)
1%
(11)
6%
(83)
5%
(72)
63%
(902)
31% 5%
(19)
3%
(10)
14%
(54)
6%
(22)
49%
(185)
48% 10%
(11)
2%
(2)
19%
(22)
3%
(4)
30%
(34)
51% 16%
(9)
2%
(1)
20%
(11)
- 29%
(16)
- 21%
(6)
4%
(1)
25%
(7)
- -4%
(-1)
Corporate Learning > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Corporate Learning
Funding Funnel
18 Months
28 Months
12 Months
Investment backedBootstrapped
9
1
10
41
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Corporate Learning > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Corporate Learning; Apr 2016-Apr 2018
Notable Investments in last 24 months (1/2)
LATE STAGE
$50M - Series F Aug 2016
Open source video platform
Goldman Sachs
$42M - Series C Mar 2018
Owl Ventures, Jump Capital, Founders Circle Capital,
GSV Acceleration, Signal Peak
$41M - Series D Jun 2017
On-demand management consulting service
provider
Highland Capital Partners, General Catalyst
Partners, Greylock Partners, GE Ventures
$11.3M - Series C Jul 2017
EARLY STAGE
$59M - Series B Sep 2017
Absorb LMS (2003, Calgary, $59M)
Corporate LMS
Silversmith Capital Partners
$42.8M - Series B Aug 2016
Panopto (2007, Pittsburgh, $46.8M)
Digital media recording and content management
company.
Sterling Partners, Square 1 Bank, Saturn Partners
$30M - Series B Jan 2018
Cloud-based platform for adaptive learning
Growth Fund
$27M - Series B Nov 2016
Axonify (2011, Waterloo, $27M)
eLearning Platform
JMI Management, BDC
EARLY STAGE
$27M - Series B Dec 2017
MindTickle (2011, Pune, $41.3M)
Gamified Employee Training Platform
Canaan Partners, Accel Partners, New Enterprise
Associates, Qualcomm Ventures
$26M - Series B Mar 2018
Mobile platform for social and emotional training in
an organisation
Lightspeed Venture Partners, DFJ, Crosslink Capital,
Freestyle Capital
$16M - Series B Oct 2016
Everwise (2013, New York City, $26.6M)
Talent Development Solution
Webb Investment Network, Sequoia Capital, Canvas
Ventures, Four Rivers Group
$12.8M - Series B May 2016
Bloomfire (2010, Austin, $32.8M)
SaaS workplace collaboration tool for sales and
support reps
Austin Ventures

Corporate Learning > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Corporate Learning; Apr 2016-Apr 2018
Notable Investments in last 24 months (2/2)
EARLY STAGE
$12.2M - Series A Jan 2018
Learnship (2008, Cologne, $12.2M)
Online corporate language learning solution
THI Investments
SpeachMe (2012, Austin, $14.6M)
Employee learning platform for corporates
$9.8M - Series B Apr 2018
Comatch (2014, Berlin, $14.4M)
Marketplace for freelance management consultant
and industry experts
Acton Capital Partners, Atlantic Labs, Btov
$7M - Series A Jun 2016
GamEffective (2012, Tel Aviv, $10M)
Enterprise Gamification platform for Sales and
Customer service
Jerusalem Venture Partners, Verint, 2B Angels,
Shaked Ventures, CE Ventures
EARLY STAGE
$4.5M - Series A Jun 2016
Acton Capital Partners, Atlantic Labs, Btov
$3.5M - Series B Aug 2016
GSV Acceleration
Skillveri (2012, Chennai, $1.1M)
Simulators for learning and practicing welding skills
Michael & Susan Dell Foundation, Ankur Capital
SEED STAGE
$2.2M - Seed Sep 2016
SpeachMe (2012, Austin, $14.6M)
Alven
$1.2M - Seed Aug 2017
Viska (2017, Reykjavik, $1.2M)
Corporate Training Platform using Gamification
Investa, Brunnur Ventures

Most Active Investors (VC, PE) by Stage in Corporate Learning; Last 5 years (Apr 2013-Apr 2018)
Most Active VC & PE Investors
26
Corporate Learning > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Alven (2 Investments)
Wisembly, SpeachMe
1
Imprimatur Capital(2 Investments)
Anatomy Next, Branch Track
2
London Co-Investment Fund (2
Investments)
Learnerbly, Pivigo
3
Playfair Capital (2 Investments)
Learnerbly, Swipe
4
Seedcamp(2 Investments)
Sunlight, Branch Track
5
1776
Cognotion
6
3T Capital
360Learning
7
Andreessen Horowitz
Koru
8
Accel Partners
MindTickle
9
A-Level Capital
Yet Analytics
10
EARLY STAGE
Four Rivers Group (2 Investments)
Everwise, D2L
1
Rethink(2 Investments)
Degreed, Lessonly
2
2B Angels
GamEffective
3
Aarin Capital
EdCast
4
Accel Partners
Grovo
5
Access Venture Partners
CommercialTribe
6
Acton Capital Partners
Comatch
7
AirTree Ventures
Expert360
8
Arab Angel
SmartUp.io
9
Arkea Capital
Klaxoon
10
LATE STAGE
Alpina Partners
Virtalis
1
Beech Tree Private Equity
Learnlight
2
Cardinal Capital Group
Learning Pool
3
Falfurrias Capital Partners
American Safety Council
4
Founders Circle Capital
Degreed
5
General Catalyst Partners
Catalant
6
Gera Venture Capital
Kaltura
7
GE Ventures
Catalant
8
Greylock Partners
Catalant
9
Highland Capital Partners
Catalant
10

Corporate Learning > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Corporate Learning; Last 5 years (Apr 2013-Apr 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(9 Investments)
9slides, Avanoo, Gnowbe
1
Techstars(7 Investments)
Degreed, Skilljar, Pathgather
2
Y Combinator(3 Investments)
Go1, Hickory Training, Hunter2
3
Ben Franklin Technology Partners(2
Investments)
Kynectiv, Brighton Training Group
4
Boost VC(2 Investments)
VirtualSpeech, Innoactive
5
Dreamit(2 Investments)
t3 Interactive, CreatorUp
6
Startupbootcamp(2 Investments)
Teach 'n Go, Achieved
7
Telenet Kickstart(2 Investments)
intuo.io
8
Barclays Accelerator
RangeForce
9
CyLon
Immersive Labs
10
OTHER NOTABLE INVESTORS
2M Companies(2 Investments)
Ataata, Memory Science
1
Kaplan Ventures(2 Investments)
Execonline, Uvize
2
SaaS Capital(2 Investments)
Panopto, PlayerLync
3
Advantage Creative Fund
PIXELearning
4
Alignment Capital Group
Velpic
5
Alliance Entreprendre
Magency
6
Angel Acade
Pivigo
7
Aptech
HandyTrain
8
Aurion
D2L
9
Baillieu Holst
Velpic
10
DEBT INVESTORS
Lighter Capital(2 Investments)
Rallyware, ShareKnowledge
1
Enterprise Ventures
AppLearn
2
Silicon Valley Bank
D2L
3
The North West Fund
AppLearn
4

Corporate Learning > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/2)

Corporate Learning > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/2)

Corporate Learning > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
31
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Continued Learning
Apr 2018
Pre-K
Mar 2018
K-12
Mar 2018

Corporate Learning > Market Detail > BlueBox
33

Key Sub Sectors
34
Key Sub Sectors in Corporate Learning
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies providing software solutions for employers to manage and deliver corporate
training
GeoLearning (1997, West Des Moines,
Acquired)
815 221 $1.3B
Companies providing online networking platforms for companies, professionals, and experts
Wengo (2006, Paris, Acquired)
GLG (1998, New York City, $442M)
133 38 $612M
Learning Platforms
Companies that offer content-driven platforms, online courses, learning resources, interactive
training material, and/or serious games for corporate training
VectorLearning (1999, Tampa, Acquired)
Medical Simulation Corporation (1998,
Denver, $42.1M)
440 112 $271M
Companies that provide software solutions for training institutes to manage administrative
and learning activities
MainStack (2014, Austin, Acquired)
CourseStorm (2011, Orono, $760k)
39 4 $1.3M
Solutions that allow companies to manage continuing education programs for employees
Sunlight (2016, London, $662k)
EdAssist (2004, Watertown)
6 1 $662k
Corporate Learning > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/7)
35
Corporate Learning > Market Details > Detailed Sector Taxonomy

36

37

38

39

40

41

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Learning Management System > Multi Sector > Horizontal
Companies providing software solutions that enable organizations to manage training through features
like content creation, delivery, assessment, collaboration, and reporting…
(Companies covered 396 | Funded 96 | Total Funding $760M)
$242M
(-$8.3M)
32
(-13)
Absorb LMS
(2003, Calgary, $59M)
2
(-)
Networking Platforms > Expert Marketplace
Marketplace for companies to search for and hire consultants and subject matter experts
$82.8M
(-$154M)
13
(+3)
Catalant
(2013, Boston, $41M)
3
(+2)
Networking Platforms > Mentor Network
Companies providing mentor matching solutions for working professionals and employees in an
organization
(Companies covered 48 | Funded 11 | Total Funding $43.1M)
$41.3M
(+$40.3M)
7
(+2)
BetterUp
(2013, San Francisco, $38.9M)
4
(-)
Learning Management System > Multi Sector > Content Management > Gamified
Companies offering platform to create and deliver gamified learning content to employees
(Companies covered 19 | Funded 8 | Total Funding $30.2M)
$17.4M
(+$7.3M)
5
(+1)
GamEffective
(2012, Tel Aviv, $10M)
5
(+1)
Learning Management System > Multi Sector > Content Management > Video
Content Management
Companies providing software solutions that enable organizations to create and manage video-based
training content
$107M
(+$103M)
4
(+2)
Kaltura
6
(-3)
Learning Management System > Sector Specific > Sales
Companies providing learning management solutions specific to sales
$37M
(+$6M)
4
(-7)
MindTickle
(2011, Pune, $41.3M)
42
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Corporate Learning in last 2 years (April 2016 - March 2018)
Corporate Learning > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Corporate Learning > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Networking Platforms > Mentor Network
Companies providing mentor matching solutions for working professionals and employees in an
organization
(Companies created 48 | Funded 11 | Total Funding $43.1M )
2 BetterUp (2013, San Francisco, $38.9M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
44
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (April 2016 - March 2018)
Corporate Learning > Market Details > Top Markets of Early Stage Investors

Incubators Techstars (#2), 500 Startups (#2)
Seed Trilogy Equity Partners (#1), Innovation Endeavors (#1)
Series A/B Four Rivers Group (#2), New Enterprise Associates (#2)
Series C+ Owl Ventures (#1), Founders Circle Capital (#1)
Saba Feb - 2015
Acq by Vector Capital for $400M
Area9 Learning Feb - 2014
Acq by McGraw-Hill Education
Velpic Jul - 2011
IPO'd on ASX
GeoLearning Jan - 2011
Acq by SumTotal Systems
Janison Sep - 2000
IPO'd
$6.8M - Series A
Zoomi (2012, Malvern, $17.3M)
$4.9M - Series A
Userlane (2015, Munich, $4.9M)
$16.4M - Series A
Skilljar (2013, Seattle, $20.1M)
$42M - Series C
$30M - Series B
Area9 Learning (2010, Denmark,
$30M)
$1.2M - Seed
EadBox (2011, Curitiba, $1.3M)
$1M - Seed
HandyTrain (2015, Mormugao, $2.3M)
$50k - Seed
LearnBolt (2012, Boston, $50k)
Apr 2018
Global Corporate Training Market Size by Key Players Like
MHI Global, Skillsoft, Articulate, GP Strategies and
Desire2Learn 2018 – 2025, iCrowdNewswire
Apr 2018
D2L Updates Brightspace with Professional Development
Features, Campus Technology
Apr 2018
Docebo Partners with LinkedIn Showcasing Its Latest
Content Marketplace Integration, PRWeb
Apr 2018
Velpic has strongest quarter of revenue growth yet, Tech
Capital
Apr 2018
Saba expands Board of Directors with the Appointment of
Neil Hudspith, PR Newswire
Mar 2018 Saba launches new learning experience, Enterprise Times
Mar 2018
Munich-based Userlane, the navigation system for software,
raises €4 million to accelerate its expansion, EU-Startups
Mar 2018
Velpic secures first client from NowForce partnership in
ASX-listed Threat Protect, Proactive Investors
Mar 2018
Skilljar Raises $16.4 Million To Transform Customer
Training, Reuters
Mar 2018
Building Markets Transforms Entrepreneurial Learning
Across the Globe With D2L, Marketwired
Mar 2018
Degreed gets $42M to help build a tool to help employees
learn the right skills, TechCrunch
Feb 2018
ABSORB SOFTWARE ANNOUNCES Jill Adams to Join as VP of
Marketing, Business Wire
Feb 2018
iSpring Recognized as a Top Authoring Tool Company by
Training Industry, Jersey City Breaking News
News
0
5
10
15
20
25
30
35
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
2014 2015 2016 2017 2018
YoY Funding Rounds
5
7
35
96
396
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Learning Management System > Multi Sector > Horizontal: Market Factsheet
Market: Horizontal
45
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies providing software
solutions that enable
organizations to manage training
through features like content
creation, delivery, assessment,
collaboration, and reporting &
analytics
D2L
(1999, Kitchener, $165M)
Degreed
Grovo
(2010, New York City, $73.3M)
Absorb LMS
(2003, Calgary, $59M)
Mzinga
(2007, Burlington, $42.5M)
Top Companies
#1 Top Markets of Investment Activity
Corporate Learning > Market Details > Market: Horizontal
Companies Created 396 | Funded 96 | Total Funding $760M

Learning Management System > Multi Sector > Horizontal: Top Companies
Market: Horizontal (1/2)
Analyst’s Pick
Learning management system for K-12, higher
education and enterprises
Columbus Nova Technology Partners, Graham
Holdings Co, Four Rivers Group and 4 Other
Investors
Owl Ventures, Jump Capital, Founders Circle Capital
Accel Partners, Costanoa Venture, Vayner/RSE and
12 Other Investors
Mzinga (2007, Burlington, $42.5M)
Workplace and customer communities solutions
Bluecrest Capital Finance, W Capital Partners, GE
Equity, Saints Capital
Analyst’s Pick
Editor's Pick. Stage: Acquired
Growth Fund
Everwise (2013, New York City, $26.6M)
Talent Development Solution
Minicorn. Stage: Series B
Webb Investment Network, Sequoia Capital, Canvas
Ventures and 2 Other Investors
PlayerLync (2011, Englewood, $16.3M)
Content distribution
Editor's Pick. Stage: Series B
SaaS Capital
Userlane (2015, Munich, $4.9M)
Software solution for training on web-based
products
Editor's Pick. Stage: Series A
Capnamic Ventures, High-Tech Grunderfonds, Main
Incubator, rabbit VENTURES
Analyst’s Pick
Go1 (2015, Brisbane, $4.1M)
Employee Training Software
Editor's Pick. Stage: Seed
Queensland Government, Black Sheep Capital, Full
Circle Venture Capital and 9 Other Investors
Disprz (2015, Chennai, $855k)
Corporate learning management system
Akshay Soni, Ajay Jain, Smita Nair and 7 Other
Investors
ClassroomTV (2011, Santiago)
Cloud-based learning platforms to educational
institutions and corporations
Editor's Pick. Stage: Unfunded
iSpring Solutions (2005, Alexandria)
E-Learning Software Vendor.
Juice (2007, Reading)
Gamified learning management platform for
recruitment companies

Market: Horizontal (2/2)

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
48
Learning Management System > Multi Sector > Horizontal: Leaderboard
Market: Horizontal
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Netex
Knowledge
Factory
1997 Oleiros Seed $961K - 4 5 5 - 2.3M 2.3k 11k 94 2M 97% 2 12% 164 8%
5.0 HandyTrain 2015 Mormugao Seed $2M - 5 3 4 3 1.5M 21 17k 217 -2.4M -62% 89 160% 7 41%
5.0 Degreed 2012
San
Francisco
Series C $86M - 3 - - 9 115k 7.3k 30k 70 -17k -12% 16 41% 283 4%
5.0 D2L 1999 Kitchener Series B $165M - 3 - - 16 179k 20k 413k 1.4k -18k -9% 16 5% 4.7k 29%
4.9 Axonify 2011 Waterloo Series B $27M - 3 - - 3 127k 2.9k 78k 301 -10k -7% 32 12% 188 7%
4.9 BenchPrep 2010 Chicago Series B $8M - 3 - - 1 1.1M 3.2k 38k 441 660k 165% 1 3% 135 4%
4.9 Fuse 2008 London Series A $16M - 3 - - 1 233k 1.5k 76k 253 -60k -20% 14 6% 71 5%
4.9 Velpic 2008 Perth Public $3M - 4 - - 15 3.5M 292 4k 16 745k 28% 2 12% 10 3%
4.9 G-Cube 2000 Noida Unfunded - - 5 - - 2 686k 8.8k 38k 490 -56k -8% 481
4848
%
2.6k 42%
4.9 Capabiliti 2014 Noida Acquired $400K 5 4 - - 2 2.9M 606 82k 434 147k 6% 8 22% -5 -1%
4.9 Saba 1997
Redwood
Shores
Acquired - - 4 - - 13 128k 7.7k 117k 479 -36k -23% 45 14% 328 4%
4.9
CrossKnowled
ge
2000 Suresnes Seed - - 4 - - - 66k 5k 61k 147 -4k -4% 40 35% 96 2%
4.8
Gutenberg
technology
2009 Paris Series B $9M - 4 - - - 1.8M 1.1k 37 1 945k 112% - - 199 24%
4.8 intuo.io 2013 Belgium Seed $79K - 4 - - - 1.3M 3 300 8 518k 75% 5 157% 1 50%

Incubators Techstars (#1)
Seed Atlantic Labs (#1), Btov (#1)
Series A/B Bessemer Venture Partners (#1), AirTree Ventures (#1)
Series C+ SFW Capital Partners (#1), Silver Lake (#1)
None
$9.8M - Series B
$750k - Seed
The Second Shift (2014, New York
City, $750k)
$100k - Seed
Avisare (2015, Los Angeles, $1.6M)
$10.2M - Series B
Expert360 (2013, Sydney, $21M)
$41M - Series D
$1.5M - Seed
$3.8M - Series A
Geniecast (2015, St. Louis, $3.8M)
Seed
$8M - Series B
Business Talent Group (2006,
Pacific Palisades, $8M)
$2.6M - Series B
Talmix (2009, London, $8.8M)
Seed
Pivigo (2013, London)
Apr 2018
COMATCH, the online marketplace for consultants, raises
another €8 million, EU-Startups
Mar 2018 GLG Names Paul Todd CEO, Citybizlist
Feb 2018
Catalant CEO & Co-Founder Rob Biederman Named to the
2018 Staffing 100 List by Staffing Industry Analysts, PR
Newswire
Nov 2017
Allstate creates insurance solution for on-demand business
consultants , insurancebusinessmag.com
Aug 2017
Expert360 Raises $10.17M Series B Funding To Provide
Clients With Access To The Right Talent, At The Right Time,
SuperbCrew
Jul 2017
Expert360 closes $13 million Series B round led by AirTree
Ventures, Startup Daily
Jun 2017
Catalant Scoops Up $41M to Boost Business Consulting
Marketplace, Xconomy
Jun 2017
Got It Debuts Knowledge-as-a-Service Platform Powered by
Machine Learning to Organize the World's Brainpower,
Marketwired
Apr 2017
SA’s LinkdPro launches finance jobs platform Octopus,
Disrupt Africa
Mar 2017
Apple co-founder Steve Wozniak joins Geniecast, Press Release
Rocket
Jan 2017
New platform bringing gig economy-style projects to data
science launches, Bdaily
Sep 2016
Imbellus raises $4 million for better candidate screening,
TechCrunch
News
0
2
4
6
8
10
$0k
$50M
$100M
$150M
$200M
$250M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
2
11
25
69
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Networking Platforms > Expert Marketplace: Market Factsheet
Market: Expert Marketplace
49
Exits
Recent Investments
Marketplace for companies to
search for and hire consultants
and subject matter experts
GLG
Catalant
(2013, Boston, $41M)
Expert360
(2013, Sydney, $21M)
Comatch
(2014, Berlin, $14.4M)
Atheneum
(2010, Berlin, $11.3M)
Top Companies
Corporate Learning > Market Details > Market: Expert Marketplace

Networking Platforms > Expert Marketplace: Top Companies
Analyst’s Pick
Minicorn. Stage: Series B
Acton Capital Partners, Atlantic Labs, Btov, Econa
Geniecast (2015, St. Louis, $3.8M)
Marketplace for expert consultation
Editor's Pick. Stage: Series A
Experfy (2014, Boston, $1.5M)
Marketplace for On-Demand BigData Talent
Minicorn. Stage: Seed
Harvard Innovation Lab
GovProp (2014, Mclean)
Marketplace for freelance government consultants
Editor's Pick. Stage: Funded

51
Networking Platforms > Expert Marketplace: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Wengo 2006 Paris Acquired $7M - 4 - - - 267k 497 9k 31 124k 82% 6 42% -2 -1%
4.9 Fliffr 2016 Stockholm Unfunded - - 4 2 3 - 6.3M 370 30k 46 6M 135% 2 4% -53 -13%
4.8 Expanion 2015 Chennai Unfunded - - 4 4 4 - 217k 6 750 25 -405k -65% 2 9% - -
4.8 Consuldents 2016 Islamabad Unfunded - - 5 4 4 - 10M 35 30 1 15M 243% - - 3 7%
4.7
The Second
Shift
2014
New York
City
Seed $750K - - - 4 - 1.4M 533 - - -1.2M -47% - - 62 13%
4.6
Creme de la
Creme
2015 Paris Unfunded - - - - 3 - 184k 20k - - 61k 49% - - 140 1%
4.5 Catalant 2013 Boston Series D $41M - - - - 6 190k 8.6k - - 16k 9% - - 452 6%
4.4 Got It 2013 Burlingame Funded - - - - 4 1 823k 56 - - 117k 16% - - 10 21%
4.4 GLG 1998
New York
City
Series E $442M - - - - 4 127k 9.6k - - -18k -13% - - 452 5%
4.3 Expert360 2013 Sydney Series B $21M - - - - 5 370k 4.4k - - 10k 3% - - 52 1%
4.2 Insight Alpha 2008 Delhi Unfunded - - 5 - - - 1.1M - 300 11 -994k -48% - - - -
4.1 Geniecast 2015 St. Louis Series A $4M - - - - 1 2.9M 693 - - 67k 3% - - 41 6%
4.0 Comatch 2014 Berlin Series B $14M - - - - 1 592k 264 - - -313k -34% - - 65 32%
4.0 Avisare 2015 Los Angeles Seed $2M - - - - - 2.8M 316 - - 256k 10% - - 41 15%
3.9 SpareHire 2013
New York
City
Seed $750K - - - - 1 737k 632 - - 232k 46% - - 3 -

Incubators Techstars (#1), NewME (#1)
Seed Kaplan Ventures (#1), Foundry Group (#1)
Series A/B Lightspeed Venture Partners (#1), Freestyle Capital (#1)
Series C+
None
$1M - Seed
MentorcliQ (2012, Columbus, $2.5M)
$26M - Series B
$552k - Seed
Mentorloop (2014, Melbourne, $1M)
$12.9M - Series A
$550k - Seed
$230k - Seed
$45k - Seed
MentorMint (2014, Los Angeles, $45k)
$785k - Seed
$17.8k - Seed
$100k - Seed
$70k - Seed
Mar 2018
Betterup Raises $26 Million In Series B Funding To
Democratize Professional Coaching, Reuters
Jan 2018
Chronus Wins Brandon Hall Excellence in Technology Gold
Award for Best Advance in Online Mentoring Tools, Business
Wire
Dec 2017
Chronus Launches Toolkit to Better Promote Corporate
Mentoring Programs, Technology-Signals
Nov 2017
Mentoring App Mentorloop Raises AUD $1 Million, Global
Dating Insights
Jan 2017
Chronus Wins Fourth Consecutive Brandon Hall Excellence
Award, PRWeb
Jan 2017 CiviCore Becomes a Public Benefit Corporation, PR Newswire
Nov 2016
BetterUp raises $12.9 million and launches platform that
connects employees with professional coaches, VentureBeat
May 2016 9 Top Platforms for Finding a Mentor in 2016, Inc.
News
0
1
2
3
4
5
$0k
$5M
$10M
$15M
$20M
$25M
$30M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
-
1
11
48
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Networking Platforms > Mentor Network: Market Factsheet
Market: Mentor Network
52
Exits
Recent Investments
Companies providing mentor
matching solutions for working
professionals and employees in an
organization
BetterUp
MentorcliQ
(2012, Columbus, $2.5M)
Mentorloop
(2014, Melbourne, $1M)
Uvize
(2013, Boulder, $409k)
MentorMe
(2013, Memphis, $175k)
Top Companies
Corporate Learning > Market Details > Market: Mentor Network
Companies Created 48 | Funded 11 | Total Funding $43.1M

Networking Platforms > Mentor Network: Top Companies
Analyst’s Pick
Mentorship software for individuals and companies
Blackbird Ventures, Rampersand, Tempus Partners,
Larsen Ventures
PlusPlus (2016, Valley)
Peer learning platform

54
Networking Platforms > Mentor Network: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 MentorCloud 2013
San
Francisco
Funded - - 5 - - - 1.9M 3.1k 300 4 316k 19% 4 102% 2.4k 360%
4.9 Kloodle 2012 Bury Unfunded - - 3 4 4 - 3.1M 7.2k 2k 22 -78k -2% 3 28% 1.1k 18%
4.8 BetterUp 2013
San
Francisco
Series B $39M - 5 - - 2 454k 61 3k 10 -89k -18% 3 43% - -
4.6 Chronus 2007 Bellevue Unfunded - - 5 - - 3 158k 42 3k 15 -12k -7% 6 61% - -
4.5 CiviCore 2000 Denver Unfunded - - 5 - - 1 193k 329 300 5 -44k -20% - - 5 1%
4.4 MentorMint 2014 Los Angeles Seed $45K - - - 4 - 10M 1.3k - - 979k 10% - - -20 -2%
4.3 Mentorloop 2014 Melbourne Seed $1M - - - - 1 1.2M 969 - - -359k -27% - - 186 24%
4.1 MentorMe 2013 Memphis Seed $175K - - - - - 10M 2.1k - - 7M 116% - - 3 -
4.0 Mentorez 2015 Bangalore Unfunded - - 5 - - - 10M - 300 15 - - - - - -
3.9 MentorcliQ 2012 Columbus Seed $3M - - - - - 714k 96 - - -1.6M -68% - - 10 11%
3.8 Uvize 2013 Boulder Acquired $409K - - - - - 10M 1.1k - - 11M 182% - - -14 -1%
3.7 Insala 1996 Arlington Unfunded - - - - - - 773k 649 - - -133k -15% - - 21 3%
3.5 Next Play 2016
San
Francisco
Unfunded - - - - 3 - 5.8M 86 - - -2.5M -30% - - 50 259%
3.4 Mentrd 2016 Delhi Unfunded - - - - 4 - 10M 7 - - 7M 81% - - 3 60%
3.3 GOmentr 2011 Calgary Unfunded - - - - 4 - 7.4M 431 - - - - - - -4 -1%

Market: Gamified
55
Corporate Learning > Market Details > Market: Gamified

Market: Gamified

Market: Video Content Management
58
Corporate Learning > Market Details > Market: Video Content Management

Market: Sales
61
Corporate Learning > Market Details > Market: Sales

Market: Sales

Market: Collaborative
64
Corporate Learning > Market Details > Market: Collaborative

Market: Interactive Learning
67
Corporate Learning > Market Details > Market: Interactive Learning

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
70
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies
72
Performance indicators of public companies in Corporate Learning
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 2016
Moovly (2013, Zellik)
SaaS platform for creating animated content
$8.3M $1.1M $297k CVE:MVY
Jul 2011
Velpic (2008, Perth)
$4.8M $36.4M $1.7M ASX:VPC
Jan 2008
ATA (1999, Beijing)
Provider of computer-based assessment services
$122M NASDAQ:ATAI
Sep 2000
Janison (1998, Coffs Harbour)
Online learning and assessment platform provider for corporates
JAN
Bluedrop (1992, St. Johns)
$14.8M $18.9M 9.55 BPLI
VCampus Corporation (2004, Reston)
Corporate Learning > Exit Outlook > Public Companies

Notable Acquisitions (1/2)
73
Notable Acquisitions in Corporate Learning
Corporate Learning > Exit Outlook > Notable Acquisitions
2015
Acquirer: Vector Capital Deal: $400M
Saba (1997, Redwood Shores)
Software for Human Capital Management
2014
Acquirer: Providence Equity Partners
VectorLearning (1999, Tampa, $24M)
Online courses and training management
Acquirer: Bertelsmann Deal: $540M
Relias Learning (2012, Cary)
Enterprise learning platform for healthcare sector
Acquirer: Charterhouse Capital Partners
Deal: $2.0B
Skillsoft (1998, Nashua)
Acquirer: McGraw-Hill Education
2012
Acquirer: Pearson VUE Deal: $140M
Certiport (1997, American Fork)
Certifications platform

Notable Acquisitions (2/2)
74
Notable Acquisitions in Corporate Learning
Corporate Learning > Exit Outlook > Notable Acquisitions
2011
Acquirer: Welsh Carson Anderson Stowe
Deal: $145M
Global Knowledge (1995, Cary)
Learning services and professional development
solutions provider
Acquirer: SumTotal Systems
GeoLearning (1997, West Des Moines, $31M)
Provider of Learning management systems
2010
Acquirer: Blackboard
Wimba (2000, New York City, $29.9M)
Online collaborative learning platform
Before 2008
Acquirer: Convergys Deal: $120M
Digital Think (1996, San Francisco)
Online corporate training platform

Most Active Acquirers
75
Corporate Learning > Exit Outlook > Most Active Acquirers

Date Target
Oct-15 Verisim Acq by Core Banking
Sep-15 MediaCore Acq by Workday
Aug-15 Nivel Siete Acq by Blackboard
Jul-15 Bridgefront Acq by CallidusCloud
Jul-15 InReach Acq by Jonas Software
Jun-15 9slides Acq by Limeade
May-15 Vodeclic Acq by Skillsoft
Apr-15 Classroom24-7 Acq by Rizk Ventures
Feb-15 Kallidus Acq by Stonehage Fleming
Jan-15 Learndot Acq by ServiceRocket
Jan-15 Grade Acq by Monterro
Dec-14 Mintra Acq by Riverside Company
Nov-14 Knowmia Acq by TechSmith
Sep-14 CentreLearn Acq by VectorLearning
Acqui-hires (1/2)
76
List of Acqui-hires in Corporate Learning
Excludes all details for Chinese companies
Date Target
Mar-18 Capabiliti Acq by People Strong
Mar-18
Vivid Learning Systems Acq by Health &
Safety Institute
Dec-17 Learning Seat Acq by CallidusCloud
Dec-17 Intrepid Learning Acq by VitalSource
Oct-17 Ontuitive Acq by The Stage Fund
Oct-17
Compliance Wave Acq by Steele
Compliance Solutions
Aug-17 Prollster Acq by Riipen
Jul-17 Wisetail Acq by Alchemy Systems
Jun-17 QA Acq by CVC Capital Partners
May-17 Hickup Acq by Showpad
Apr-17 Workplace Answers Acq by EverFi
Apr-17 CoSo Cloud Acq by AASKI
Nov-16 Astute Technology Acq by Echo360
Oct-16
Swank HealthCare Acq by Relias
Learning
Date Target
Sep-16 Trivantis Acq by StoneCalibre
Aug-16 Eguru Acq by LG place of people
Aug-16 Uvize Acq by SonderMind
May-16 Wag Mobile Acq by EdCast
May-16 Sales University Acq by EdCast
May-16 Better Acq by GRC Solutions
Apr-16 Kalkomey Acq by Inverness Graham
Apr-16 ViewCentral Acq by CallidusCloud
Apr-16 Skillbridge Acq by Toptal
Mar-16
Diagnostic Questions Acq by Maths
Doctor
Jan-16 MainStack Acq by Zen Planner
Dec-15 Manch Acq by Toppr
Dec-15 SmartPros Acq by Kaplan
Oct-15 Redilearning Acq by Relias Learning
Corporate Learning > Exit Outlook > Acqui-hires

Date Target
Jul-08
Global Knowledge Software Acq by
Oracle
Aug-07
Brainvisa Technologies Acq by
Indecomm
Jul-07
Quality Interactions Acq by Rainmaker
Learning Services
Dec-06 PSI Acq by ABRY Partners
Jun-06
Turning Technologies Acq by Talisman
Capital Partners
Jan-04 Soundview Acq by Charles Schwab
Sep-02 SmartForce Acq by Skillsoft
Meridian Acq by VIP
Acqui-hires (2/2)
77
List of Acqui-hires in Corporate Learning
Excludes all details for Chinese companies
Date Target
May-14
American Safety Council Acq by
Apr-14 Truenorthlogic Acq by Weld North
Mar-14 OnCourse Learning Acq by CIP Capital
Jan-14 TargetSolutions Acq by VectorLearning
Jan-14 RDC Solutions Acq by Petroskills
Oct-13 Adrenna Acq by Gilfus Venture Partners
Aug-13 Marakana Acq by Twitter
Jun-13 LearnSomething Acq by Xerox
Jun-13 Openportal Software Acq by Alcuin
Apr-13 Learning Catalytics Acq by Pearson
Mar-13 Wiggio Acq by D2L
Mar-13 Infor CERTPOINT Acq by Infor
Jan-13
Alchemy Systems Acq by Riverside
Company
Oct-12 Aquafadas Acq by Kobo
Date Target
Oct-12 Primal Pictures Acq by Informa
Sep-12 MindLeaders Acq by Skillsoft
Feb-12 OutStart Acq by Kenexa
Jan-12 Datango Acq by SAP
Dec-11 PureSafety Acq by UL
Jun-11 Litmos Acq by CallidusCloud
May-11 PIXELearning Acq by Intellego Holdings
Mar-11 Jambok Acq by SuccessFactors
Oct-10 SafetyCertified Acq by Grainger
Aug-10 A.D.A.M. Acq by Ebix
Jun-10 Wengo Acq by Vivendi
Apr-10 Mohive Acq by CrossKnowledge
Mar-10 Cobent Acq by Access Intelligence
Sep-09 Distil Interactive Acq by CSA Group
Apr-09 Virtual Heroes Acq by ARA
Corporate Learning > Exit Outlook > Acqui-hires
View all 79 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
78
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Corporate Learning > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Corporate Learning; Last 5 years (Apr 2013 - Mar 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Alven (2 Investments)
London Co-Investment Fund (2 Investments)
Playfair Capital (2 Investments)
Seedcamp (2 Investments)
Imprimatur Capital (2 Investments)
Accel Partners
Growth Fund
Trilogy Equity Partners
Maveron
Atlantic Labs
Btov
Allos Ventures
Battery Ventures
First Round Capital
Grotech Ventures
EARLY STAGE
Four Rivers Group (2 Investments)
Rethink (2 Investments)
New Enterprise Associates
Accel Partners
Columbus Nova Technology Partners
Signal Peak
Jump Capital
Costanoa Venture
Uncork Capital
Intel Capital
GSV Acceleration
Saturn Partners
Crosslink Capital
DFJ
LATE STAGE
Nokia Growth Partners
Sapphire Ventures
Owl Ventures
GE Ventures
Greylock Partners
Vayner/RSE
Alpina Partners
PWP Growth Equity

Alven
81
Portfolio in Corporate Learning | Exits | Funds Link | Website | LinkedIn | Twitter
Corporate Learning > Investors > Alven
People
Investments
[Minicorn] SpeachMe (2012, Austin, $14.6M, Series A)
Corporate Learning Notable Portfolio
[Unicorn] Stripe (2010, San Francisco, $511M, Series D)
Web & Mobile Payments for Developers
[Soonicorn] Birchbox (2010, New York City, $87.9M, Series B)
Try-and-buy Subscription Based Beauty Products
[Soonicorn] Drivy (2010, Paris, $54.5M, Series C)
P2P Car Rental Marketplace
[Soonicorn] Lengow (2009, Nantes, $13.3M, Series B)
Marketing and catalog management solution
[Minicorn] iAdvize (2010, Nantes, $56M, Series C)
Customer Engagement Platform
[Minicorn] Tinyclues (2010, Paris, $25.4M, Series B)
Develops an AI-powered marketing optimisation solution for B2C
companies
[Minicorn] Concord (2015, San Francisco, $23.5M, Series A)
e-signature and contract management solution
[Minicorn] Ercom (1986, Franche-comte, $15.6M, Series A)
Network emulation and security solutions provider
[Minicorn] Clustree (2013, Paris, $11.5M, Series A)
Talent management and internal mobility tool
[Minicorn] Talent.io (2015, Paris, $11M, Series A)
Techincal Hiring solutions
[Minicorn] ChartMogul (2014, Berlin, $3.7M, Series A)
Recurring Revenue Analytics for Subscription Businesses
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Charles
Letourneur
Co-Founder &
Managing Partner
Guillaume Aubin
Co-Founder &
Managing Partner
Geographical Spread Stage of Entry
Jan 2018
Video learning startup SpeachMe raises €10 million for
international growth, Tech.eu
Oct 2015
Solid Automates Your Meetings To Get The Most Out Of
Them, TechCrunch
None
1 1
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
Europe
US

London Co-Investment Fund
82
Corporate Learning > Investors > London Co-Investment Fund
Investments
[Minicorn] BridgeU (2013, London, $8.2M, Series A)
Data-driven admission counselling through predictive analytics
[Minicorn] City Pantry (2013, London, $7.6M, Series A)
Marketplace for London's Street vendors, pop-ups, chefs, restaurants
and delis for business or events/gatherings
[Minicorn] Gluru (2014, London, $3.5M, Seed)
AI based personal assistant for consumer and business users
[Minicorn] Lexoo (2014, London, $1.7M, Series A)
Marketplace for posting legal jobs and hiring solicitors at fixed fee.
[Minicorn] Charlie (2015, London, $1.4M, Seed)
HRMS platform
[Minicorn] Vallie (2015, London, $750k, Seed)
On-demand valet in UK
[Minicorn] Sentisum (2015, San Francisco, $699k, Seed)
Customer review analytics
Top Exits Recent News on Fund & Portfolio
Jul 2017
Rajeeb Dey's new career platform Learnerbly secures
£1.6M led by Frontline Ventures, TechCrunch
Jan 2017
New platform bringing gig economy-style projects to data
science launches, Bdaily
None
1 1
2013 2014 2015 2016 2017 2018
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
Europe

Playfair Capital
83
Corporate Learning > Investors > Playfair Capital
People
Investments
[Soonicorn] Starship Technologies (2014, Tallinn, $17.2M,
Seed)
Self-driving delivery robots
[Soonicorn] OnFleet (2012, San Francisco, $6.8M, Series A)
Delivery management system
[Minicorn] ChroNext (2012, Cologne, $50M, Series D)
Marketplace for buying and selling luxury watches
[Minicorn] APPEAR HERE (2012, London, $21.4M, Series B)
Marketplace for short term retail space
[Minicorn] Try Technologies (2012, San Francisco, $7.8M,
Series A)
Try and buy for online fashion
[Minicorn] Ravelin Technology (2014, London, $5.6M, Series
A)
Machine learning based fraud prevention platform
[Minicorn] ToucanBox (2012, London, $4.6M, Series A)
Subscription for creative projects for kids
[Minicorn] Jukedeck (2012, London, $3.8M, Series A)
Automated music creation platform
[Minicorn] Gluru (2014, London, $3.5M, Seed)
AI based personal assistant for consumer and business users
[Minicorn] Unmade (2013, London, $3.1M, Seed)
Private label for knitwear products
[Minicorn] Clarify (2014, Austin, $1.1M, Seed)
API for understanding audio and video
Top Exits
Federico Pirzio-
Biroli
Founder & Director
Jul 2017
Rajeeb Dey's new career platform Learnerbly secures
£1.6M led by Frontline Ventures, TechCrunch
Aug 2015
Swipe, The Web-Based PowerPoint Competitor, Raises
Further Funding And Launches Pro Plan, TechCrunch
None
1 1
2013 2014 2015 2016 2017 2018
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
Europe

Seedcamp
84
Corporate Learning > Investors > Seedcamp

Accel Partners
85
Corporate Learning > Investors > Accel Partners

Growth Fund
86
Corporate Learning > Investors > Growth Fund

Trilogy Equity Partners
87
Corporate Learning > Investors > Trilogy Equity Partners

Maveron
88
Corporate Learning > Investors > Maveron

Atlantic Labs
89
Corporate Learning > Investors > Atlantic Labs

Btov
90
Corporate Learning > Investors > Btov

Allos Ventures
91
Corporate Learning > Investors > Allos Ventures

Battery Ventures
92
Corporate Learning > Investors > Battery Ventures

First Round Capital
93
Corporate Learning > Investors > First Round Capital

Grotech Ventures
94
Corporate Learning > Investors > Grotech Ventures

Contents
95

Four Rivers Group
96
Corporate Learning > Investors > Four Rivers Group

Rethink
97
Corporate Learning > Investors > Rethink

New Enterprise Associates
98
Corporate Learning > Investors > New Enterprise Associates

Accel Partners
99
Corporate Learning > Investors > Accel Partners

Columbus Nova Technology Partners
100
Corporate Learning > Investors > Columbus Nova Technology Partners

Signal Peak
101
Corporate Learning > Investors > Signal Peak

Jump Capital
102
Corporate Learning > Investors > Jump Capital

Costanoa Venture
103
Corporate Learning > Investors > Costanoa Venture

104
Corporate Learning > Investors > Silversmith Capital Partners

Uncork Capital
105
Corporate Learning > Investors > Uncork Capital

Intel Capital
106
Corporate Learning > Investors > Intel Capital

GSV Acceleration
107
Corporate Learning > Investors > GSV Acceleration

Saturn Partners
108
Corporate Learning > Investors > Saturn Partners

Crosslink Capital
109
Corporate Learning > Investors > Crosslink Capital

DFJ
110
Corporate Learning > Investors > DFJ

Contents
111

112
Corporate Learning > Investors > Gera Venture Capital

Nokia Growth Partners
113
Corporate Learning > Investors > Nokia Growth Partners

Sapphire Ventures
114
Corporate Learning > Investors > Sapphire Ventures

115
Corporate Learning > Investors > Founders Circle Capital

Owl Ventures
116
Corporate Learning > Investors > Owl Ventures

117
Corporate Learning > Investors > General Catalyst Partners

GE Ventures
118
Corporate Learning > Investors > GE Ventures

Greylock Partners
119
Corporate Learning > Investors > Greylock Partners

120
Corporate Learning > Investors > Highland Capital Partners

Vayner/RSE
121
Corporate Learning > Investors > Vayner/RSE

Alpina Partners
122
Corporate Learning > Investors > Alpina Partners

123
Corporate Learning > Investors > Beech Tree Private Equity

124
Corporate Learning > Investors > Cardinal Capital Group

125
Corporate Learning > Investors > Falfurrias Capital Partners

PWP Growth Equity
126
Corporate Learning > Investors > PWP Growth Equity

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
127
Details on VC & PE Investors
Details on Top Ecosystem Players
Incubators
Other Notable Investors
Debt Investors

Corporate Learning > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Corporate Learning; Q1 2013 - Q1 2018
Index of Ecosystem Investors
INCUBATOR
500 Startups (9 Investments)
Techstars (7 Investments)
Y Combinator (3 Investments)
Ben Franklin Technology Partners (2
Investments)
Boost VC (2 Investments)
Dreamit (2 Investments)
Startupbootcamp (2 Investments)
Telenet Kickstart (2 Investments)
CyLon
FireSpring Fund
Imagine K12
Jerusalem Venture Partners
Kaplan EdTech Accelerator
LearnLaunch
OTHER NOTABLE INVESTORS
2M Companies (2 Investments)
Kaplan Ventures (2 Investments)
SaaS Capital (2 Investments)
Advantage Creative Fund
Alliance Entreprendre
Angel Acade
Aptech
Aurion
Baillieu Holst
Baltimore Angels
BDC
Bertelsmann
Blenheim Chalcot
Blue Sky Ventures
DEBT INVESTORS
Lighter Capital (2 Investments)
Enterprise Ventures
Silicon Valley Bank
The North West Fund

500 Startups
129
Corporate Learning > Investors > 500 Startups
People
Investments
[Unicorn] Grab (2012, Singapore, $3.4B, Series G)
Taxi Booking App
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Intercom (2011, San Francisco, $241M, Series D)
Customer communication and Retention Platform
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Canva (2012, Surry Hills, $82.6M, Series B)
Online design platform
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Smule (2008, San Francisco, $144M, Series F)
Developer of social music-making & sharing apps
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
[Soonicorn] Life360 (2008, San Francisco, $89.7M, Series C)
Mobile app that connects family members and close friends
[Soonicorn] VTS (2011, New York City, $87.8M, Series C)
Leasing and asset management software for brokers, investors &
owners.
[Soonicorn] Carousell (2012, Singapore, $87.1M, Series C)
P2P mobile listing platform
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
[Soonicorn] Tradesy (2012, Santa Monica, $77.6M, Series C)
Mobile based P2P marketplace to buy and sell clothing items
Top Exits
Dave McClure
Founder, Partner
Apr 2018
1HUDDLE Closes Successful $3M Series A Fundraising
Round, PRWeb
Mar 2018 PeopleStrong Acquires Qustn Technologies, PR Newswire
Sep 2017
Micro-Learning Platform Gnowbe Announces New
Advisor, NewsCenter
Jun 2017
Edtech Startup Gnowbe Joins KPMG Digital Village,
FinTechnews
May 2017
Gnowbe secures $1.7Mn to ramp up its mobile-first,
learn-by-doing platform, TechPortal
Sep 2015
Recruitment Platform Capabiliti Raises $400K from 500
Startups & Over a Dozen Angel Investors, IamWire
Jul 2015
Zero to Million Dollar Run Rate — A Story of Growth &
Hustle ft. Avanoo, 500 Startups
Jan 2015
500 Startups Announces Batch 12 in San Francisco, 500
Startups
Jul 2013
Dorm Room Fund-Backed Skillbridge Is A Freelance
Marketplace For High-End Professional Services,
TechCrunch
None
1
2
1 1
2013 2014 2015 2016 2017 2018
4
-
-
-
5
Undisclosed
Series C+
Series B
Series A
Seed6
1
1
1
-
US
Japan
India
Europe

Techstars
130
Corporate Learning > Investors > Techstars
People
Investments
[Soonicorn] Degreed (2012, San Francisco, $85.6M, Series C)
[Unicorn] Uber (2009, San Francisco, $22.5B, Series G)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Remitly (2011, Seattle, $227M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] ClassPass (2011, New York City, $154M, Series C)
Membership programs for fitness classes across multiple gyms
[Soonicorn] DataRobot (2012, Boston, $125M, Series C)
Automated machine learning platform for data science applications
[Soonicorn] DigitalOcean (2011, New York City, $124M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Sphero (2010, Boulder, $95.5M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] PillPack (2013, Boston, $93.9M, Series D)
Periodic delivery of Medications - Subscription based
[Soonicorn] Leanplum (2012, San Francisco, $93.2M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
Top Exits
Brad Feld
Co-Founder
David Brown
Co-Founder and co-
CEO
David Cohen
Founder and co-CEO
Mar 2018
Skilljar Raises $16.4 Million To Transform Customer
Training, Reuters
Mar 2018
Degreed gets $42M to help build a tool to help employees
learn the right skills, TechCrunch
Dec 2017
Skilljar Receives “Best Customer LMS” in the 2017
Talented Learning LMS Awards, DirectorsTalk Interviews
Dec 2017
Skilljar Wins Third Consecutive Brandon Hall Award -
Best Advance in Learning Management Technology for
External Training, GlobeNewswire
Dec 2017
Degreed: Skill certification firm Degreed launches new
program , Indiatimes
Oct 2017
Degreed and HR.com Bring Innovative Learning
Technology to HR Professionals, GlobeNewswire
Jul 2017
Degreed and C2 Technologies Announce Partnership,
GlobeNewswire
Apr 2017
Pam Dodrill Joins Skilljar as New VP Customer Success,
Marketwired
Jan 2017
GP Strategies Partners With Degreed to Bring Efficient,
Scalable Content Curation to Corporate Learning,
PressReleasePoint
None
11
3
1 1
2013 2014 2015 2016 2017 2018
2
-
-
-
8
Undisclosed
Series C+
Series B
Series A
Seed10
-
-
-
-
US

Y Combinator
131
Corporate Learning > Investors > Y Combinator
People
Investments
[Minicorn] Hickory Training (2015, New York City, $120k,
Seed)
Training Solutions for Sales & Service Reps
[Editor's Pick] Go1 (2015, Brisbane, $4.1M, Seed)
Employee Training Software
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Instacart (2012, San Francisco, $1B, Series E)
Marketplace for same-day grocery delivery
[Unicorn] DoorDash (2013, Palo Alto, $722M, Series D)
On-demand food delivery marketplace
[Unicorn] Dropbox (2007, San Francisco, $607M, Public)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)
Mobile game developer
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Unicorn] Coinbase (2012, San Francisco, $225M, Series D)
Digital currency exchange & wallet provider
Top Exits
Michael Seibel
CEO
Feb 2018
Hunter2 wants to teach engineers to handle web app
security with a hands-on approach, TechCrunch
Dec 2016
Australian online training startup GO1 gets $3m in
funding, Deal Street Asia
Jul 2015
Brisbane YC startup GO1 raises $1 million from Tank
Stream Ventures and Steve Baxter, ups from StartupSmart
Jul 2015
YC-Backed GO1 Wants To Make Compliance Training
Suck Less, TechCrunch
None
1
2
1
2013 2014 2015 2016 2017 2018
-
-
-
-
4
Undisclosed
Series C+
Series B
Series A
Seed3
1
-
-
-
US
Australia

Ben Franklin Technology Partners
132
Corporate Learning > Investors > Ben Franklin Technology Partners

Boost VC
133
Corporate Learning > Investors > Boost VC

Dreamit
134
Corporate Learning > Investors > Dreamit

Startupbootcamp
135
Corporate Learning > Investors > Startupbootcamp

136
Corporate Learning > Investors > Barclays Accelerator

Imagine K12
137
Corporate Learning > Investors > Imagine K12

Jerusalem Venture Partners
138
Corporate Learning > Investors > Jerusalem Venture Partners

Kaplan EdTech Accelerator
139
Corporate Learning > Investors > Kaplan EdTech Accelerator

Contents
140

2M Companies
141
Corporate Learning > Investors > 2M Companies

Kaplan Ventures
142
Corporate Learning > Investors > Kaplan Ventures

SaaS Capital
143
Corporate Learning > Investors > SaaS Capital

144
Corporate Learning > Investors > Alignment Capital Group

Tracxn - Corporate Learning Startup Landscape

Tracxn - Corporate Learning Startup Landscape

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