5Mins, a London, UK-based gamified learning platform that enables workplace learning in a TikTok-style feed with personalization, gamification, and social features, raised £5.11 million in seed funding. To date, the company has raised £6.14 million in funding.
The round was led by AlbionVC, with participation from Chalfen Ventures, Portfolio Ventures, Blue Lion Global, and Edenred Capital Partners.
With this funding, 5Mins will enhance platform capabilities such as skill analytics, API integrations, and the learning marketplace and increase its global customer base and impact.
Saurav Chopra, co-founder, and CEO at 5Mins says, “Our mission is to help companies build a learning culture so their people can unlock their true potential, and we have come a long way in a short period of time. We are building the first global learning super-app that companies of all sizes can use to upskill everyone, improve employee retention, and drive innovation.”
5Mins’ next-gen learning tool presents workplace learning in a TikTok-style feed using intelligent personalization. With gamification and social features, 5Mins gets employees and teams to stay engaged in learning.
Company: 5Mins AI Ltd
Raised: £5.11M
Round: Seed Round
Funding Month: November 2022
Lead Investors: AlbionVC
Additional Investors: Chalfen Ventures, Portfolio Ventures, Blue Lion Global, and Edenred Capital Partners
Company Website: https://www.5mins.ai/
Software Category: AI-powered microlearning platform
About the Company: Founded in 2022 by Saurav Chopra, the previous co-founder, and CEO of Perkbox, 5Mins is a micro-learning platform for businesses to train their teams through short-form, straight-to-the-point micro-lessons. The company claims to feature 15,000+ bite-sized lessons from 150+ educators and coaches worldwide, covering 100+ essential technical skills and power skills for the workplace. Since its inception, more than 100,000+ lessons have been watched on the platform. Employees now use 5Mins in 80+ countries from customers that include fast growth scale-ups such as Spenmo and Beam Mobility in APAC to Smart Pension and Cushon in the UK. Currently, the company employs around 20 people. 5Mins is headquartered in London, and half of the team is located across Europe, Central America, and South America, bringing together a diverse range of talents and nationalities.
Source: https://techfundingnews.com/5mins-a-startup-that-makes-workplace-learning-fun-in-tik-tok-style-gets-5-1m-funding/