From left: 360 Learning’s Guillaume Alary-Raisonnier (CRO), Nick Hernandez (CEO), and Sebastien Mignot (CTO)

Paris-based corporate learning platform 360Learning has raised a $200 million investment led by Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake Waterman, with participation from existing investors Bpifrance Large Venture, XAnge and Educapital.

The 360Learning platform allows learners to build their skills, create courses and share knowledge throughout the business. Customers have created more than million courses on the platform, with the most popular topics including employee onboarding, software training, sales enablement, leadership training and soft skills. As learners go through each course, they can add comments, answer questions and send one-click reactions to the course creator.

More than 1,500 customers use the 360Learning platform including LVMH, Aircall, Toyota and Appen.

The new funding brings the total raised by 360Learning to over $240 million. The company stated it will use the funds to increase headcount to over 500 people by the end of next year driven by hires in innovation, engineering and product; expand internationally across North America, Asia, Europe and South America; and invest in strategic M&A.

Nick Hernandez, founder, and CEO at 360Learning, said: “By focusing on collaborative learning and combining it with AI and data, we’re radically changing how people learn in the workplace. Our engagement figures show that with the right learning approach and technology, L&D becomes a driver of growth. Learners take control of their own learning and their companies thrive and lead in the new hybrid work environment. We’re delighted to welcome a brilliant new set of investors from three different continents to help us spearhead a transformative breakthrough in the learning market.”

Sanjeet Mitra and George Kadifa, Sumeru co-founders and managing directors, stated: “We believe that employee learning and development will be the single most important factor for enterprises in the next 25 years – enabling growth, building durable company cultures, accelerating innovation, and enhancing communities broadly. We are sincerely thrilled to partner with Nick, the management team and a terrific investor group as 360Learning illuminates the limitless possibilities of collaborative learning in this next era of corporate education.”

Paul Davison, senior investor for SoftBank Investment Advisers, commented: “We believe the accelerating evolution of the workforce towards remote and distributed teams places an imperative on all companies to rethink how they train, upskill and retain employees more effectively. 360Learning places collaboration at the heart of the learning experience with personalised courses, decentralised creation and adaptive delivery. The platform draws out the best knowledge and experience from every corner of an enterprise, which boosts employee use and transforms engagement levels. We are immensely excited to support Nick and the 360Learning team to continue to invest in the product and scale their customer base globally.”

Date published: 21 October 2021

Continue reading

Subscribe to get unlimited digital access.


Already a subscriber? Login