Esme Learning Solutions, a global leader in online professional development, has announced funding of $15 million in further support of its global expansion.
Existing investors Adit Ventures are offering an extra $10 million, with leading edtech solution providers ThriveDX making a new strategic investment of $5 million ahead of a planned round in early 2022.
Following the investment round from January this year, Esme’s total funding will be brought to $22.5 million.
Investment and expansion
Serving over 1500 organisation in more than 95 countries, the new funding will better equip Esme Learning Solutions to accelerate its learner experiences, with plans to make greater investments in technology and data analytics.
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 – Michael Block, managing director of Adit Ventures
Esme is also looking to expand its existing portfolio of courses with partners such as the Massachusetts Institute of Technology (MIT), Saïd Business School, University of Oxford, Cambridge Judge Business School, University of Cambridge, and Imperial College Business School.
The funding follows Esme’s acquisition of AI collaboration platform Riff Analytics earlier this year.
David Shrier, CEO of Esme Learning Solution commented: “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.”
Dan Vigdor, founder and executive chairman of ThriveDX added: “We believe the time is right for us to start a strategic partnership together 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.”
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