ExecOnline, a NYC-based provider of online leadership development programs, secured a $16m Series B funding round.
The round was led by NewSpring Growth Capital, NewSpring Capital’s dedicated growth and expansion stage fund, with participation from existing investors Osage Venture Partners, New Atlantic Ventures, Kaplan, and Thomas Lehrman, co-founder of Gerson Lehrman Group. As part of the transaction, Brian Kim of NewSpring Capital will join ExecOnline’s Board of Directors.
The company intends to use the proceeds to extend its sales and marketing capabilities, and to grow its suite of enterprise-focused online leadership development offerings.
Founded in 2012 by Stephen Bailey, CEO, ExecOnline partners with top business schools, including Berkeley-Haas, Columbia, IMD, MIT-Sloan, Wharton, and Yale, to deliver online leadership development programs that generate organizational impact. Its university-certified programs in leadership, strategy, innovation, operations, and more feature dynamic content tailored to the unique corporate objectives of their clients. Programs consist of on-demand video lectures, self-paced application exercises, and live online collaboration with faculty and a global community of high-achieving professionals.
ExecOnline has delivered leadership development experiences to more than 150 organization from around the world and 7,000 business leaders.