Lepaya, an Amsterdam, Netherlands-based leading provider of power skills training that combines online and offline learning, announced a $40 million Series B investment, one of the largest financing rounds to date for an education technology company in Europe. The recent funding brings the total capital raised to $ 47 million.
The round was led by Target Global and joined by Noor van Boven (formerly N26), Anna Brandt (formerly Mollie), entrepreneurs Jordy Kool (Urban Gym), and Chris Zadeh (formerly Ohpen), as well as existing investors Mediahuis Ventures and Tablomonto.
The fresh capital will enable Lepaya to accelerate market consolidation with the company actively looking for acquisition targets in the UK, Germany, and the Nordics, drive product development, and further expand internationally to become European market leader for upskilling
Lepaya plans to double its headcount to 200 employees, with a focus on Germany, the Nordics, and the UK.
Company: LTD Group B.V.
Raised: $40.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Target Global
Additional Investors: Noor van Boven, Anna Brandt, Jordy Kool, Chris Zadeh, Mediahuis Ventures and Tablomonto
Company Website: https://lepaya.com/
Software Category: Power skills training platform
About the Company: Lepaya is a provider of Power Skills training that combines online and offline learning. 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 more productive. Lepaya has trained thousands of employees. As a challenger in a crowded training market, Lepaya responds to the needs of Europe’s fastest-growing tech companies, such as Mollie, Takeaway, and Picnic, amongst others. By combining hard skills with soft skills, offered together as Power Skills, the Amsterdam-based company is growing faster in a market in which the demand for reskilling and upskilling continues to increase all over the world.
Source: https://lepaya.com/en/press-release/lepaya-announces-40-m-series-b/