Learnerbly, a SaaS marketplace for workplace learning and development, announced that it has secured $10M (approx €8.8M) in its Series A round of funding led by Beringea, the transatlantic venture capital firm.
New investors, including Digital Horizon Ventures, BY Venture Partners, GO Ventures andFJ Labs also participated alongside existing investors like Frontline Ventures, Triple Point, London Co-Investment Fund, and UFI Ventures.
Learnerbly also secured the backing of influential angel investors, including Zach Coelius (Coelius Capital), Leonard Picardo (second employee at Deliveroo), Neil Ryland (CRO of Peakon), Renaud Visage (Co-Founder and CTO of Eventbrite), and Stephan Thoma (former Global Head of Learning at Google).
The latest funding will enable Learnerbly to accelerate its product development, international expansion, particularly in the USA, and scale its workforce of more than 60 employees. Beringea will provide insights and intelligence for expansion in America.
Rajeeb Dey MBE, Founder and CEO of Learnerbly, says, “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.”
Learnerbly: What you need to know
Learnerbly was founded by Rajeeb Dey MBE, known for scaling Enternships, a portal connecting students and graduates with work placements in startups and fast-growth businesses.
Based out of London, Learnerbly is an online marketplace that guides and supports employees to access the most relevant resources covering a breadth of topic areas to accelerate professional growth.
The platform provides access to books, podcasts, conferences, courses, coaching, and more from over 250 leading providers, including Blinkist, Masterclass, Pluralsight, and General Assembly. The UK company works with clients like WeTransfer, Curve, and Busuu.
Dey MBE adds, “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.”
He continues, “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.”
Currently, the platform is used by thousands of employees in 100+ organisations across more than 50 countries.
Investor
Based out of Michigan, Beringea is a transatlantic venture capital investor that seeks to create lasting success for rapidly scaling entrepreneurial companies. It currently manages over $750M (approx €666M) in funds and more than 65 portfolio companies across the U.K., Europe, and North America.
Maria Wagner, Investment Director at Beringea, says, “With the hybrid work environment, employers are under pressure to offer new ways of learning for their employees and ensure they are engaged and retained. At the same time, HR departments are struggling with the proliferation of learning providers and managing multiple suppliers. Learnerbly offers a curated solution that serves both the needs of the employees and of HR departments in this new environment. We were impressed with Raj and the team, and we are excited to join them on their journey.”
