Amsterdam-based Lepaya, a provider of power skills training that combines online and offline learning, announced on Thursday that it has raised $38M (approximately €35M), marking the biggest round raised in this space in all of 2023.
The round was led by Endeit and joined by Educapital, Mars Growth Capital, Liquidity Capital, and existing investors Target Global and Mediahuis Ventures.
The Dutch edtech company says it will utilise the funds to accelerate the development and adoption of AI-powered capability development solutions.
The AI tools include AI-coach, which will adjust the learning content to an individual learner’s context and career level.
The Dutch edtech firm will also use the capital to advance skills data analysis to help organisations and its leaders reach deeper skills intelligence on organisational and industry levels.
The announcement comes four months after acquiring Krauthammer, a Dutch-based company that provides training sessions for individuals and companies.
To date, the company has raised $80M in funding from various investors, including Endeit, Educapital, Target Global, Mediahuis Ventures, and Tablomonto.
Lepaya: Revolutionising corporate learning
René Janssen and Peter Kuperus founded Lepaya in 2018 with a perspective that the right training at the right time focused on the right skill makes organisations productive and enables overall business growth.
The platform combines AI and human intelligence to ensure that employees acquire the skills needed to remain effective and productive in their daily work.
Lepaya combines soft and hard skill training modules into power skill development programmes, offering learning interventions and real-time data on learner behaviour and impact.
To date, the company has made four acquisitions:
Janssen says, “The rapid developments in AI allow us to provide organisations and the world with what we always had envisioned, and individual employees with what they deserve: a deeply personal insight in skill gaps, and a truly contextualised way to bridge them; by combining the best artificial and human intelligence, and taking care of all the complex operations surrounding global upskilling programmes.”
Endeit Capital is a European growth capital firm fueling internationalisation and innovation of European tech scale-ups since 2006.
With AI as the overall denominator, Endeit focuses on 5 segments: Future of Work, Fintech, Sales Enablement, Supply Chain & Procurement, and Climate Tech.
Outside of its three home markets of Germany, The Netherlands, and Sweden, the firm invests with their current €300M+ fund in multiple European countries.
Some investments include Sastrify (DE), ParcelLab (DE), Sharpist (DE), Stravito (SE), Happeo (FI), IPRally (FI), Amberscript (NL), Roamler (NL) and Floryn (NL).
Edwin Hengstmengel of Endeit Capital says, “It’s impressive how Lepaya managed to engrain its platform as a core part of its client’s upskilling DNA, and we are very excited to be part of the continued journey.”