360Learning Raises $200M for Learning
Collaborative learning platform 360Learning, a Paris, France-based SaaS global company, raised $200m in growth funding. The round, which brought total raised to over $240m, was led by Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake Waterman with participation from existing investors Bpifrance Large Venture, XAnge and Educapital.
CEO and founder Nick Hernandez says 360Learning is able to “radically” change how people learn in the workplace. “Our engagement figures show that with the right learning approach and technology, [learning and development] becomes a driver of growth. Learners take control of their own learning and their companies thrive and lead in the new hybrid work environment,” he said in a statement.
360Learning lets companies make customizable courses to train their employees. They can mix and match media, and then distribute these courses company-wide or to individual groups depending on the subject.
The company will use the funding to grow the team to over 500 people by the end of next year driven by hires in innovation, engineering and product, expand internationally across North America, Asia, Europe and South America, and invest in strategic M&A.
Announcement: 360Learning Raises $200M for Learning