Rise Up, a Paris-based employee learning platform, has raised €30 million in a Series B round backed by Connected Capital and previous investors MAIF Avenir and Impact Partners.

The company intends to use the fresh capital to fuel its growth, boost its expansion across Europe ad scale up its team. Rise Up also plans to expand its product suite and provide localisation of its learning and development solutions for several European markets.

Founded by Arnaud and Guillaume Blachon in 2014, Rise Up offers blended learning and professional training management software for companies combining face-to-face and online training.

Its AI-driven tools provide each individual with a personalised, adaptive approach to learning, through features such as intuitive blended learning environment, motivational chatbot and a Microsoft Teams integration.

Rise Up has roughly doubled both its revenues and staff every year since its launch and currently counts over 400 customers and 1 million active learners in 60 countries, according to the company.

Prior to this round, Rise Up had raised around €5 million of funding. It secured seed funding in 2018 from several investors, including Impact Partenaires, Bpifrance and BNP Paribas, and raised a Series A round in 2020 from MAIF Avenir, IMPACT Partners and Bpifrance. In 2021, Rise Up signed a strategic partnership and equity investment with IFPASS.

Date published: 3 May 2022

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