Insider Brief
- Lepaya has secured $38 million in a funding round, becoming the largest corporate EdTech provider in EMEA for 2023. The investment, led by Endeit and others, aims to expand Lepaya’s AI-driven capability development platform.
- The funds will enhance Lepaya’s AI tools like AI-coach to aid global organizations like ING, and Dell, in identifying and addressing skills gaps, facilitating deeper skills intelligence at organizational and industry levels.
- Focusing on internal talent development, the new investment will help broaden the capability development platform to better understand current workforce skills and identify skills gaps amidst technological advancements.
PRESS RELEASE — Amsterdam, the Netherlands/September 21, 2023 — After making three acquisitions and tripling in revenue since its 2021 funding round, Lepaya now strengthens its position as the largest corporate EdTech provider in EMEA by raising $38M, the biggest round raised in this space in all of 2023.
With the newly acquired capital, Lepaya will double down on the development and go-to-market of the AI-driven capability development platform poised to redefine the way global organizations such as ING, Dell, Maersk, KPMG, Freudenberg, and the rest of its 2000 clients identify, close, and track skills gaps. The investment round was led by Endeit and joined by Educapital, Mars Growth Capital, and Liquidity Capital, as well as the existing investors Target Global and Mediahuis Ventures.
Revolutionizing skill readiness with AI
Lepaya combines artificial and human intelligence to ensure that employees acquire the skills needed to remain effective and productive, in the flow of their daily work. With this new investment round Lepaya is making additional investments in AI tools such as AI-coach which will adjust the learning content to an individual learner’s context and career level. Further investments will be made to advance the skills data analysis so that the organizations and their leaders reach deeper skills intelligence on organizational and industry levels.
Deep integrations in enterprise HCM solutions allow organizations to effectively roll out the capability development platform to employees at the career moments where upskilling is crucial to having a direct impact on business performance and outcomes. This way Lepaya’s AI SkillsOps features will ensure that all global L&D operations are taken care of.
Making navigating change effortless
As unemployment rates are still near an all-time low, developing internal talent instead of hiring externally, is critical for organizations looking to remain competitive. According to Deloitte research, evolving technologies and new economic realities keep changing jobs at an increasingly fast pace, organizations are moving from jobs as the cornerstone of their workforce, to skills, but are still looking for support on the journey
What is more, advances in technology and the way people work require organizations to rethink the way they ensure future readiness. Lepaya’s investment to further advance its capability development platform is a direct answer to the increasing need for insights into current workforce skills as well as identifying gaps towards needed skills.
Lepaya’s $38 million investment marks a pivotal moment in corporate upskilling. By bridging the gap between emerging skill needs and organizational readiness, Lepaya pioneers a future where businesses thrive in the face of change.
About Lepaya
Lepaya is an upskilling solution that focuses on increasing talent retention and productivity through a blend of online, offline, and virtual reality training through an all-in-one capability platform. Founded by René Janssen and Peter Kuperus in 2018 with the perspective that the right training, at the right time, focused on the right skill, makes organizations productive and enables overall business growth.
As a leader in a fragmented corporate upskilling market that represents an USD 800B opportunity according to Morgan Stanley, Lepaya responds to the upskilling needs of global enterprises and fast-growing companies, Such as Roche, ING, Microsoft, Dell, Freundenberg, Just-Eat-Take-away. Lepaya supports millions of professionals by combining hard skills with soft skills, offered together as Power Skills via an AI-powered capability platform.
Lepaya is backed by Endeit, Educapital, Target Global, Mediahuis Ventures, and Tablomonto. It has made 4 acquisitions: SmartenUp (2020), vCoach (2022), SpeakFirst (2022) and Krauthammer (2023). The company has raised USD 80 million to date.
About Endeit Capital
Endeit Capital is a European growth capital firm fueling internationalization and innovation of European tech scale-ups since 2006. With AI as the overall denominator, Endeit focuses on 5 segments: Future of Work, Fintech, Sales Enablement, Supply Chain & Procurement, and Climate Tech. Out of the three home markets Germany, The Netherlands, and Sweden they invest with their current €300M+ fund in multiple European countries. Some investments are for example Sastrify (DE), ParcelLab (DE), Sharpist (DE), Stravito (SE), Happeo (FI), IPRally (FI), Amberscript (NL), Roamler (NL) and Floryn (NL).
For more information, please visit: https://endeit.com
Featured image: Credit: Lepaya
