Dublin-based training platform SocialTalent has mandated Clearwater International to sell a stake of around 25%, EducationInvestor Global can reveal.
The company plans to raise approximately £15 million, at a revenue-based valuation of 6x its £10 million annual turnover, according to two sources.
“SocialTalent is a good asset but the valuation that it is aiming for is quite ambitious,” a source familiar with the company said. “Nevertheless, the interest in digital training platforms is currently strong and it is likely that this business will be able to raise a good amount of funds in the coming months.”
SocialTalent provides insight and training throughout the hiring journey, offering a library of video content which includes advice on sourcing and engaging candidates, industry and workplace insight, interview skills and job-specific coaching. Users can navigate content, create custom learning paths and engage with their teams.
The business works with several international brands, such as IBM, Intel and Siemens. To date, SocialTalent has trained more than 80,000 people across 100 countries and over 1,000 organisations, according to the company.
Date Published: 7 June 2022