ExecOnline, a NYC-based provider of certificate-bearing leadership and development (L&D) programs in partnership with elite business schools, closed an $18m Series C funding round.
The round was led by ABS Capital Partners, with participation from existing investors New Spring Capital, Osage Partners, Kaplan, Inc., and New Atlantic Ventures. In conjunction with the funding, Ralph Terkowitz, a general partner with ABS Capital, will join the EXO board of directors.
The company intends to use the funds to further develop proprietary L&D program offerings as well as to increase sales and marketing efforts.
Founded in 2012 by Stephen Bailey, CEO, EXO develops and delivers a portfolio of enterprise leadership development programs, including both proprietary offerings and programs offered in partnership with elite business schools such as Berkeley, Columbia, IMD, MIT, Wharton, and Yale. Today, the company’s programs focus on strategy, innovation and change, leadership, and operations and finance, and combine in- person training with online learning.
ExecOnline has delivered leadership development experiences to more than 250 organizations and 12,000 business leaders. Customers include more than 250 corporations mainly in the Fortune 1000.