Avallain, a Lustmühle, Switzerland-based award-winning Swiss provider of cutting-edge e-Learning and EdTech solutions, secured $8.4 million in a second growth financing from Round2 Capital.
The fund will enable Avallain, beyond the possibilities of its own profits, to introduce product innovation for customers more quickly and to expand further into existing and new markets.
Additionally, it will continue to expand its partnerships and ecosystem to enable customers to seamlessly implement them into their digital landscapes and benefit from new synergies.
The aim of this funding round is to provide a solid support for the company’s strong growth and pace of innovation.
Ursula Suter, Co-founder of Avallain AG, said, “Based on the recent dramatic increase in demand for EdTech during the pandemic, Avallain has once again proven itself as a solid, high-quality provider and reliable partner for end-to-end edtech solutions. In order to consolidate and expand our leading position internationally in an environment of new entrants that often focus on single challenges rather than holistic solutions, we decided to raise additional funds from a strong partner who understands and appreciates our markets and the high potential we have based on the best-in-class technology and market position we have built over the past years. The previous cooperation with Round2 Capital has been excellent and we are pleased to extend the participation of a growth partner with a philosophy that suits us. With this deal structure, the founders retain control of the company and receive sufficient potential for the next chapter.”
Avallain’s team covers five continents and represents more than 14 nations. The company is an active participant in the UN Global Compact and aims to advance the SDGs by being climate positive from 2023 and contributing to positive social change in sub-Saharan Africa through the Avallain Foundation.
The founders of Avallain, Ursula Suter, and Ignatz Heinz continue to control the company as majority shareholders.
Company: Avallain AG
Round: Second Growth
Funding Month: December 2022
Lead Investors: Round2 Capital
Company Website: https://www.avallain.com/
Software Category: e-Learning and EdTech Solutions
About the Company: Founded in 2002 by EdTech pioneers Ursula Suter and Ignatz Heinz, Avallain is an award-winning Swiss provider of EdTech and e-Learning solutions, working with leading brands worldwide. Avallain services include the design and implementation of complex e-learning-systems, as well as the development and provision of tools and software to create, maintain and publish interactive content and learning material. It also offers customized solutions for the hosting of e-learning-systems and provides organizations and institutions with consultancy and expertise. The company’s mission is to unlock human potential through innovative, technology-enabled education, enabling quality-driven companies and organizations to create and operate highly-interactive e-learning solutions.