Amsterdam-based digital skills training startup Growth Tribe has raised €3 million to accelerate the growth of its platform.
The startup received the Series A funding from Rinkelberg Capital, a private wealth management firm based in London.
Founded in 2015, Growth Tribe empowers both individuals and organizations to grow and stay competitive in a rapidly changing world, by providing learning solutions that help them continuously acquire the capabilities they need to perform and grow. It enables individual, teams, and organizations to update their digital skills in various domains. The training area includes growth marketing, data science, UX design, data analytics, product management, machine learning, artificial intelligence, and more.
Growth Tribe aims to bridge the digital skills gap by offering hands-on and practical training to professionals and students. The startup’s training, coaching and talent programs help organizations develop the digital capabilities needed to drive the adoption of new technologies, innovate, and ensure sustainable business growth.
Announcing the funding, Peter van Sabben, Co-founder and CEO, Growth Tribe, wrote in a blog post,
“After five years of bootstrapping, it is time for our next chapter. We see unique opportunities in the current market because the corona crisis is speeding up the need for upskilling, reskilling, and remote learning. With Rinkelberg Capital, we have a great financial partner who believes in our vision – to inspire people and organizations to always be learning so they can adapt, stay up to date, and succeed in a fast-changing world.”
The platform claims to have helped over 15,000 individuals acquire new digital skills, and trained and coached teams from over 900 organizations including TomTom, Takeaway.com, Ahold, VanMoof, ING, KPN, The Student and Helloprint since its inception since its inception five years ago.
Commenting on the investment, Marc Slendebroek, CEO, Rinkelberg Capital, said in a statement,
“Our firm is excited to support Growth Tribe in its next phase of corporate growth. There is a strong demand for well-educated professionals with strong capabilities in the digital space, enabling Growth Tribe’s clients to deal with digital transformation with confidence and optimism.”
The company said that it will use the investment to expand its training portfolio, with personalized courses in UX design, data science and digital product management. It also plans to further develop their online learning solutions to improve learning flexibility, accessibility and support internationalization. Additionally, the company also looks to further optimize the learning experience through the continued development of its digital capability scan and digital learning platform.
Giving his remark on the funding it received, the CEO said in the same blog post, “As we’ve grown, so has our experience, expertise and ambition. We have an increased responsibility to equip with a broader range of digital skills, to ensure they don’t lose out in a dynamic world. The €3 million investment will help us on this mission. A mission that’s urgency has been accentuated due to the current global crisis.”
He said the startup will always remain dedicated to designing and delivering world-class learning solutions that help people and organizations better navigate a digital world, and that the latest investment will support them in this mission.
