In the past few years, the corporate learning landscape has changed drastically with more advanced techniques. The Learning Experience Platform (LXP) is touted to be the next big thing in corporate ‘in-house training or upskilling’, delivering a comprehensive landscape where employees can continuously interact and gain insights.
Raised €2.1M
In this regard, myskillcamp, a Belgian scaleup company in the edtech sector, has raised €2.1 million led by its existing shareholders such as Leansquare (noshaq) and Seederfund, a series of private investors, and two recognised investment funds: Inventures (BE) and Conviction (UK). The company is planning to use the funding to strengthen its offer and accelerate its international development.
“myskillcamp enables training managers to quickly create interactive training courses and enrich them with content developed in-house or available on our marketplace,” said Kevin Tillier, co-founder and CEO of myskillcamp. “We already offer more than 300,000 online training courses, in multiple formats, and in 18 languages, developed by leading publishers in the market.”
Reshaping e-learning infrastructure
Based out of Tournai, myskillcamp has developed a platform that allows companies to quickly create their e-learning infrastructure and make thousands of training content available to their employees. Through this platform, the myskillcamp aims to offer companies the opportunity to create, animate, and manage all their training actions from one place.
“The experience and network that these two funds have developed in the world of HR and the world of startups will be assets to help us manage increasingly rapid growth” continues Kevin Tillier. “During the Covid-19 crisis, we have seen a sharp increase in the number of users on the platform and an acceleration of our sales cycles. The new features we are about to launch will further reinforce this trend, as they meet the needs of our customers. This fundraising, therefore, comes at a pivotal moment in our evolution”.
The scaleup recently launched new features aimed at both training managers and employees themselves. Through AI, the platform will now integrate recommendations tailored to the skills and profession of each individual.
This will make it much easier for HR to guide each employee towards the content and training that will help them advance their career, and for each employee to find their way easily through the content on offer.
Skillcard – To manage training budgets
On the other hand, myskillcamp is working on ‘Skillcard’, its second service in the initial phase to effectively manage training budgets while giving their employees quick and easy access to the training they need.
“The Skillcard is a virtual or physical payment card that a company can distribute to its employees. The aim is to enable them to choose and book the training they need from the training catalogue selected by the company or directly from the myskillcamp marketplace,” explains Kevin Tillier.
How Skillcard benefit HR and employees?
With the Skillcard, the HR department can set a budget on a ‘case-by-case’ or ‘learner-by learner’ basis, then let them choose the training they need. This is also an advantage for workers as they can quickly access and pay for the courses they need with their Skillcard, without waiting for administrative approval. All the HR department has to do is approve the payment. Notably, it has centralised invoicing and a constantly updated overview of the training courses taken in the company.
myskillcamp is continuing to expand its online catalogue to strengthen its local offer and business content. “Finding specific business content in the language of learners is one of the major challenges facing companies today. We are therefore going to continue our work of selecting new partners to integrate local or national training organisations ready to digitise the training they currently provide in face-to-face sessions”
Expanding internationally
With operations already in France and Belgium, myskillcamp is planning to capture the Netherlands, Germany, and the United Kingdom. As a result, the company is planning to hire around 30 people over the next 15 months.
“There will then be around 50 of us, with an international culture and even more dynamism” concludes Kevin Tillier. “myskillcamp has all the necessary assets to continue its international development. The skillcard, in particular, should be of particular interest to international companies.”
Main image credits: myskillcamp
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