One of Europe’s largest online campuses, OpenClassrooms announced today that they’ve raised $60 million in Series B funding. This round is led by US-based General Atlantic, a major international growth funds.
Alven has decided to reinvest in the company on this round, and thus demonstrate its confidence in its future development.
This new investment will enable OpenClassrooms to accelerate the diversification of their educational content, increase private and public partnerships, and strengthen their international presence.
Founded by Pierre Dubuc and Mathieu Nebra, the company promotes an online platform dedicated to professional education, structured around the most sought-after skills today – and tomorrow – in the job market. OpenClassrooms responds to the continual transformations of an increasingly digital world: every month, more than three million users connect to the platform, which offers over 300 official professional certifications and roughly 30 degree courses (ranging in levels from Bac+2 to +5) across a wide range of subjects, from web and mobile development to design, data processing and marketing.
The company’s mission is to make education accessible to all, thanks to a totally internet-based educational system, by allowing users to acquire skills through professional projects. Students are systematically provided with the individualized support of a mentor and student employability is a top priority: OpenClassrooms guarantees employment for its students around the world and, if they haven’t found a job within six months of graduation, promises to fully reimburse tuition fees. The company works closely with employers and public employment services, to which they offer tailor-made recruitment, training and skill development solutions.
Having supported the company since 2012 as the first institutional investor, Alven is particularly proud to support OpenClassrooms in this new phase of development.