Learnerbly, the marketplace for workplace learning and development, has secured $10m in its Series A funding round.
The funding will accelerate the international growth of the learning and development platform, already the preferred solution for many of Europe’s leading tech companies, including Hellofresh, King, and GoCardless. The investment was led by Beringea alongside Ufi Ventures, Frontline Ventures, Triple Point, London Co-Investment Fund and others.
This round of funding will enable Learnerbly to strengthen its product development, scale its distributed workforce of more than 60 employees, and harness global demand for its services.
Rajeeb Dey MBE, Founder and CEO of Learnerbly, commented:
“An increasingly competitive hiring market and the rise of the ‘great resignation’ mean employers worldwide are concerned about how they recruit and retain top talent. The focus on learning and development (L&D) has, therefore, never been greater.
And yet, many HR teams struggle to keep up with the breadth of content and pace of change required for L&D in the digital economy. At Learnerbly, we tackle these challenges head on. Our platform provides employees with the tools to discover exceptional content from more than 250 providers and tailor their own learning plans.
This means employers – particularly scale-ups that don’t have vast in-house L&D functions – can easily offer access to best-in-class learning without ever needing to create their own content, manage relationships with multiple content providers, or take what we would deem a ‘one-size-fits-none’ approach to L&D. This clearly works: employers see a 3X+ increase in engagement in learning when using Learnerbly, saving clients vital time and money.”
Commenting on the investment from Ufi Ventures, Helen Gironi, Ventures Partner said:
"Ufi has a strong track record of supporting ventures which use digital technology to give people and businesses the necessary skills to thrive. Learnerbly's workplace learning platform uses a unique approach to inspire, guide and upskill employees. Employees love the platform because they are in the driving seat - engagement is impressively high - and businesses can upskill their workforce across a wide range of roles and skills and attract and retain talent.
We are delighted to have continued our support of Learnerbly on its mission to roll out transformative learning."
Learnerbly’s online marketplace guides and supports employees to access the most relevant resources covering a breadth of topic areas for first-time leaders through to engineers, marketers, finance and sales. They provide access to books, podcasts, conferences, courses, coaching and more from over 250 leading providers including Blinkist, Masterclass, Pluralsight, and General Assembly. This provides its clients, including WeTransfer, Curve, and Busuu, with a platform that upskills, unlocks potential, and inspires a culture of growth in tech-focused businesses.
The global workplace learning industry is worth over $350bn and within many organisations has traditionally been delivered top-down, with businesses often viewing it simply as a compliance-driven necessity. The turbulence of the pandemic and the shift to distributed working has also placed far more scrutiny on how employers can invest in the growth of employees. Recent research by Beamery found that 83 percent of employees think companies should help with career progression, yet 44 percent don’t currently have access to talent acceleration programmes from their employers.
Learnerbly addresses this demand, providing employees with the tools to drive their growth and development and enabling employers to invest in the future success of their talent. This is a vital solution for upskilling to meet the demands of the changing workplace, while also being a talent attraction, engagement and retention strategy to remain competitive in the digital economy. Today, Learnerbly is used by thousands of employees in 100+ organisations across more than 50 countries.