Rise Up, a Paris-based employee learning software solution, has raised €30 million in a funding round from SaaS focused investment fund Connected Capital, with participation from existing investor MAIF Avenir and first shareholder Impact Partners.
With the latest round of investment, the company plans to work towards European growth, expand its team and product suite as well as localisation of its learning and development solutions for European markets.
Founded in 2014 by Arnaud Blachon and Guillaume Blachon, Rise Up supports companies to organize, develop and maintain skills development with a complete offer combining technology, expertise and training content. The human-first, AI-driven software solution offers each individual a personalised, adaptive approach to learning with features such as intuitive blended learning environment, motivational chatbot and a Microsoft Teams integration.
By offering a personalized training experience, the platform stimulates learning and ultimately allows employees to become actors in their skills development.
Commenting on the investment, Co-founder and CEO of Rise Up, Arnaud Blachon, said:
“As we continue to navigate the COVID-19 pandemic, hybrid learning is fundamental. Rise Up offers an inclusive learning platform that transforms this crucial business challenge into an opportunity for our customers. Our partnership with Connected Capital, with its focus on B2B SaaS, and their experience with HR tech companies in particular, will allow us to further strengthen our position in local European markets.”
Rise Up mission is to develop a solution capable of stimulating learning through an ultra-personalized training experience by capitalizing on AI and neuroscience.
The company currently serves over 400 customers and 1 million active learners in 60 countries.
Investment Manager of Connected Capital, Sander Pennings, added:
“Rise Up’s rich product suite combining LMS, LXP and content authoring is already adding crucial value to companies ranging from SMEs to large corporations such as Axa, Schneider Electric and Domino’s. We are impressed with its efficient growth over the last years in its current markets and are excited to contribute to the company’s accelerated international expansion.”
To activate the acquisition and anchoring of key knowledge, the Rise Up algorithm makes it possible to suggest training and review scenarios on time and at an optimal pace (in macro or micro-learning) for employees. The startup accompanies the learner, the manager and the trainer, throughout the learning cycle.
In June 2020, Rise Up had raised $5.7 million as a part of its Series A funding round led by Impact Partenaires and MAIF Avenir.