Last 2nd October finished the and with it, lots of activities, conferences, networking days, events and a lot of entrepreneurial spirit. One of the talks named some companies that are making an impression on the ecosystem.

Most of the examples that came out were startups directed to the mass market and FinTech (their names are well-known). None of them related to eLearning.

In fact, it is a constant when I talk with clients, suppliers or collaborators. When we explain that Snackson is a startup of corporate eLearning, most of them get surprised. They don’t imagine a startup working in the microlearning sector. We are the disruptive ones in the sector ūüėÄ

In my opinion, this is because eLearning (and, in general, all what has to do with training and human resources), has always been a lower priority in companies. The first thing is marketing (sell and create a brand), the second one is production and logistics. Then comes the funding and control part, and in fourth, fifth and sixth place is training, talent, the creation of shared knowledge.

Until a few years ago, this reality seemed immutable, but lately we’ve seen a growing tendency to pay attention and invest in training, in professional development and in talent retention. After all, an employee or collaborator who knows your company, who understands the processes and who feels integrated, will have a greater productivity and hence, highest rates and also provides higher profits to the company. I think that in the coming months we’ll see a significant growth of companies that seek to take up this space.


Elearning & startup

Traditionally, the eLearning ecosystem was made up of conventional companies that don’t have a clear model of scalability and without clear references of success. In recent years, this tendency has changed substantially.

The most significant example of investors’ interest for eLearning is the purchase in April by Linkedin¬†and¬†Linda¬†for 1.500 million, LinkedIn into a social network orientated to work (and professional development in all its fields (waiting for them to position as CRM). Previously it had received¬†289 million, from different investors.

Only a few months ago, Duolingo (mobile app for language learning), announced that they completed successfully a round of investment of 45 million dollars, that was led by Google Capital, and with the participation of its previous investors (88,3 million in total) –

In Spain, we also have recent success stories. Bussu, a company for the learning of languages created in Madrid, in July it has received 6,7 million dollars, to develop growth plan. Or initiatives as Foxize School, based in Barcelona and that by means of Crowdfunding, have achieved 200,000 euros (valued at over 2,5 million).

These are just some examples. And there are a lot more. In fact, there are some really significant ones at a national level that are missing Emagister or Tiching.

The list you will see down below has been created in terms of companies that have received funding on the last 12-15months for an important volume of investment.

Startup, name, URL (in the title), headquarters and description Date of the last funding Amount of the last funding (in dollars) Reference Crunchbase
LearnUp San Francisco (USA) Online courses (professional field) sept-15 8 million (9,8 in total)  Crunchbase
LearnZillion Washington (USA) Online courses (professional field) sept-15 13 million (22,4 in total) Crunchbase
Coursera Mountain View (USA) Online courses (professional field) aug-15 49,5 million (134,5 in total) Crunchbase
Busuu London (UK). Origin: Madrid. Social network for language learning jul-15 6,7 million (11,4 en total) Crunchbase
Babbel Berlin (Germany) App for language learning jul-15 22 million (32 in total) Crunchbase
Duolingo Pittsburgh (USA) App for language learning jun-15 45 million (83,3 in total) Crunchbase
Udemy San Francisco (EEUU) Online courses (professional field) jun-15 65 million (113 in total) Crunchbase
Speexx Munich (Germany) Platform for language learning jun-15 5 million Crunchbase
Meritnation New Delhi (India) Online courses (K-12) jun-15 4 million Crunchbase
AltSchool San Francisco (USA) Micro schools network (kindergarten and primary school) may-15 100 million (133 in total) Crunchbase
Kano London (UK) Create your own computer (aimed at children) may-15 15 million (16,5 en total) Crunchbase
Monkimun San Francisco (EEUU). Origin: Madrid. Language learning for kids apr-15 900,000 (1 M in total) Crunchbase Tel Aviv (Israel) Platform for language learnings mar-15 1 million (1,5 in total) Crunchbase
Coursmos San Francisco (USA) Platform of courses in the microlearning format feb-15 600,000 dollars (1,3 in total) Crunchbase
Grovo New York City (USA) Platform of courses in the microlearning format feb-15 15 million (20 in total) Crunchbase
Docebo Naples (Italy) Cloud LMS feb-15 3 million (6,4 in total) Crunchbase
Open Learning Sydney (Australia) Online courses (professional field) feb-15 1,7 million Crunchbase
Infantium Barcelona (Spain) Mobile apps (0-8 years) jan-15 1,8 million (2,3 in total) Crunchbase
Tutellus Madrid (Spain) Collaborative training through video courses oct-14 1 million (1,1 in total) Crunchbase
KNOWRE New York City (USA) Math learning (primary school) oct-14 6,8 million (8,6 in total) Crunchbase
Udacity Mountain View (USA) Online courses (professional field) sept-14 35 million (55 in total) Crunchbase
Edmodo San Mateo (USA) Cloud LMS aug-14 30 million (87,5 in total) Crunchbase
Aba English Madrid (Spain) Language learning jul-14 3,4 million Crunchbase
Aprendum Madrid (Spain) Online courses (professional field) jul-14 462,000 dollars Crunchbase

I hope that when we make a new review of the sector in a year’s time, Snackson will appear on merit in the list. ūüôā

Post translated by Carolina Serna

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