Rise Up, a Paris, France-based fast-growing French employee learning software solution, raised €30 million in Series B funding.
The round was led by Connected Capital, a B2B SaaS-focused investment fund, which invested in Eurora, its existing investor MAIF Avenir and its first shareholder Impact Partners.
Rise Up will deploy the fresh funds to scale up and advance its European growth, thereby enabling further expansion of the commercial organization and product suite.
It will also focus on the localization of its learning and development solutions for the European markets.
Company: Rise Up
Raised: €30.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Connected Capital
Additional Investors: MAIF Avenir and Impact Partners
Company Website: https://www.riseup.ai/
Software Category: e-learning and face-to-face management platform
About the Company: Founded in 2014 by Arnaud and Guillaume Blachon, Rise Up is a blended learning platform, which revolutionizes the learning experience for all stakeholders, including trainers, learners, and administrators. Since its debut, the company has almost doubled its revenues and staff each year. Now, it is a one-stop-shop learning solution, which combines LMS, LXP, LCMS, LRS, mobile, and multi-modal services. The startup serves over 400 customers and 1 million active learners in 60 countries. Reportedly, Rise Up has witnessed this success as it is easy to use for both learners and administrators. Also, it provides easy product configuration, which lets customers mirror their organizational structure on the platform. It uses innovative technology harnessing both Machine Learning and Artificial Intelligence. Its human-first, AI-driven software solution provides each individual with an adaptive and personalized approach to learning. Rise Up supports companies to organize, develop and maintain skills development with a complete offer combining technology, expertise, and training content.
Source: https://techfundingnews.com/rise-up-an-ai-based-one-stop-shop-for-employee-learning-grabs-e30m-to-scaleup-across-europe/