360Learning, a NYC- London, UK and Paris, France-based SaaS global collaborative learning company, raised $200m in growth funding.
The round, which brought total raised to over $240m, was led by Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake Waterman with participation from existing investors Bpifrance Large Venture, XAnge and Educapital.
The company will use the funding to:
- grow the team to over 500 people by the end of next year driven by hires in innovation, engineering and product;
- expand internationally across North America, Asia, Europe and South America; and
- invest in strategic M&A.
Led by Nick Hernandez, founder, and CEO, 360Learning provides a platform that empowers learners to build their own skills, create courses in as few as 17 minutes and share knowledge throughout the business. The company also leverages AI to analyze data sets created from collaborative learning interactions and applies these insights to help learning communities identify what courses are missing or need to be improved, speed up course delivery, ensure learners find courses tailored to their immediate needs and keep growing through constant learning.
Over 1,500 customers including LVMH, Aircall, Toyota and Appen use the platform globally, who have created over 3 million courses, with the most popular topics including employee onboarding, software training, sales enablement, leadership training and soft skills.