Paris, France-based e-learning content platform provider, Edflex raised USD 13 million in the second round of funding. The round took place on May 11, 2023. Educapital led the financing for the company. Wille Finance, a Swiss family office, as well as renowned business angels such as Jean Stéphane Arcis (founder of Talentsoft and investor in HRtech), joined in the funding.
It also includes existing investors Maif Avenir and Arkéa Capital (a subsidiary of Crédit Mutuel Arkéa), who contributed via its Impact Fund We Positive Invest.
Purpose of financing for Edflex
The company has plans to fuel the upskilling on a daily basis and to support L&D (Learning & Development) teams in this transformation. It further aims to expand its content library and partnerships with industry experts and top e-learning publishers. Moreover, Edflex intends to strengthen its existing technology with a focus on improving personalization and content curation capabilities. In addition, it seeks to enhance connectors with the world’s leading HR and learning solutions (LMS), ensuring easier learning every day.
Meanwhile, the company has plans to increase its global presence by entering new markets. It also intends to strengthen development in emerging markets, the DACH region (Germany, Switzerland, Austria) and North America.
What the investors have to add
Litzie Maarek, the partner at Educapital, said, “Edflex has continually demonstrated its commitment to supporting learners in their development through personalized, flexible, and high-value learning formats. We believe they are in a good position to support L&D (Learning & Development) over the long term. Furthermore, it is thrilling to support their growth alongside the other investors.”
In addition, Morgan Carval, Director of Impact Investments at Arkéa Capital, said, “Having been present alongside Edflex since 2021, we have seen the relevance of its offering and its ability to adapt to the rapid changes in the digitalized training market. Helping employees maintain and develop their employability in a rapidly changing world is fully part of the mission of our We Positive Invest impact fund.”
Besides, Cyril Petit, Investment Director at Wille Finance, said, “We are delighted to join Edflex as a new investor and to accompany the company in its next stage of development. We are joining an innovative and passionate team that seeks to transform continuing education through technology. Our team is convinced by their ability to implement a quality content curation solution, making Edflex’s offering particularly well suited to Today’s learning challenges. We believe in their vision and look forward to seeing how Edflex will help shape the future of online education.”
Jean-Stéphane Arcis, founder of Talentsoft and business angel in this round, further said, “I was seduced by the quality and complementarity of Edflex’s management team and by its unique positioning in Europe as a content aggregator to intelligently facilitate access to training. Edflex has everything it takes to consolidate its leadership position.”
Timothée Poulain, Investment Director at MAIF Avenir, said, “Investing in human capital is essential to ensure that skills can evolve over time and that employees find the opportunity to train independently. Edflex is one of the rare activities where performance and impact can be combined, which is why MAIF Avenir is very happy to participate again in this financing round as a historical investor of Edflex.”
What the company’s co-founder has to add
Clément Meslin, the co-founder of the company, said, “Today, our 200 customers recognize the strong value we bring to their training teams and employees. We are entering a new chapter in our growth, which should enable us to assert our position as the leader in learning content aggregation and curation in the European market.”
In addition, Philippe Riveron, co-founder of Edflex, said, “We are thrilled to have the support of both our new and existing investors as we continue to redefine the e-learning landscape. With this new funding, we are poised to strengthen the value of our solution, establish strategic partnerships and impact even more learners around the world.”
Clément Meslin, Philippe Riveron, Raphaël Droissart and Rémi Lesaint launched the company in 2016.
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