Paris-based MentorShow raised $15.8 million in new capital on March 10, 2023. The edutainment company aims to consolidate its product, diversify its offerings, and ramp up international deployment plans.
Backed by Left Lane Capital, Educapital, Crédit Mutuel Innovation, and a pool of other angel investors, including Laurent Ritter (Voodoo), Paul Lê (La Belle Vie), and Romain Raffard (Bergamotte), MentorShow has nearly raised €20 million since its inception two years prior.
This is the second round of series A funding. The first round of $10.5 million of the series A came in early last year and was preceded by a $4.7 million seed round and a $527,000 pre-seed.
The company stands out for its learning-while-being-entertained mechanism. MentorShow co-founder Léo Dubert says, “We believe developing skills should be as exciting as watching a good show. Why do we reserve the high-definition cameras and celebrities for content that entertains us, not content that accomplishes us?”
The platform covers many self-improvement topics, including sports, cooking, management, well-being, and leadership. The edutainment platform features famous entertainers/mentors like Karim Benzema, Boris Cyrulnik, Pierre Gagnaire, Christophe André, Pierre Hermé, Frédéric Mazzella and Marc Lévy.
The company reports that they’ve “attracted” over 500,000 individuals from France and Spain, with ARR growing at 6x year-over-year.
“In the post-COVID world, the desire for personal development has flourished, and people are looking for new ways to explore their potential talents or develop their hidden passions,” commented Educapital’s Marie-Christine Levet. “At the intersection of learning, entertainment, and inspiration, Mentorshow’s courses fully meet this need.”
MentorShow is an online learning and training platform. The platform offers video courses created and hosted by domain experts such as Boris Cyrulnik, Karim Benzema, Pierre Gagnaire, Christophe André, Pierre Hermé, Frédéric Mazzella and Marc Lévy. Found in 2020, the startup encourages autonomous learning. Users onboard have ownership over their learning and can choose courses based on their interests and learn as per their availability. The platform weaves learning into entertainment, making it engaging for learners.