US-based Esme Learning, an online learning platform based on AI, that offers various courses based on different interests, raised USD 15 million on 16th December.
Investors: The investment round was led by Adit Ventures, making an investment of USD 10 million alongside ThriveDX investing USD 5 million. The investment round was planned before Series B in early 2022.
Purpose of funding: The startup will use the new funds to expand its existing portfolio of courses with partners from top-notch universities. As part of its efforts to improve the learner experience, the startup will invest in technology and data analytics. Additionally, a portion of funds will support a more prominent marketing footprint, accelerate product development, and improve the format of courses. Moreover, building a new learner experience based on cost-effective methods.
About Esme Learning
Founded in 2019 by Beth Porter and David Shrier, Esme Learning is located in Boston, US. Esme Learning is an online learning platform based on AI and backed by top universities that offers a variety of courses based on different interests. The course portfolio includes major courses on machine learning, digital innovation, financial management, artificial intelligence, and blockchain development. The startup partnered with top universities, including the Massachusetts Institute of Technology (MIT), Saïd Business School, University of Oxford, Cambridge Judge Business School, University of Cambridge, and Imperial College Business School.
What the founder has to say
“This new investment will enable Esme Learning Solutions to continue to drive innovation and growth in the online executive education market, enhance the student experience and ensure that we meet the challenges and opportunities of this sector over the coming years. We are grateful for the continued support of Adit Ventures and welcome the strategic opportunities and value that ThriveDX will bring as we scale,” said David Shrier, CEO at Esme Learning Solution.
What the investors have to say
“We’ve been delighted to see the progress Esme Learning Solutions has made since our initial investment last year and believe that additional investment at this point will help supercharge growth and returns for our investors. The edtech sector is rich with opportunity, and we look forward to seeing what David, Beth Porter, co-founder and COO, and the Esme team can create over the next few years,” said Michael Block, Managing Director at Adit Ventures.
“As a leading edtech and cyber training solution provider, we’ve been watching the progress of Esme Learning Solutions with great interest. Their online courses enjoy almost 100% completion rates and great feedback from partners and students alike, with industry-leading net promoter scores bolstered by the unparalleled credentials of the leadership and academic teams. We believe the time is right for us to start a strategic partnership with Esme, an organization that shares the same values of putting the learner’s experience and outcome at the forefront as the demand for online learning continues to grow. This move will enable ThriveDX to accelerate its mission of answering the talent gap challenge every company is facing by training a pipeline of talent to keep pace with the real-time changes in technology,” said Dan Vigdor, Founder and Executive Chairman at ThriveDX.
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