Grovo, a New York City-based training platform for digital and professional skills, closed a $15m Series B financing.
Backers included existing investors Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC.
The company intends to use the funds to drive additional customer acquisition and improve its product.
Led by Jeff Fernandez, CEO and Cofounder, Grovo provides large enterprises, small businesses and educational institutions with a platform to train employees on the essential digital skills needed in the workplace. It employs a methodology that combines microlearning and holistic learning delivering bite-sized instructional 60- to 90-second video lessons.
The lessons use a combination of live action, animation and screenshots, as well as embedded quizzes to allow learners to efficiently understand, retain and deploy the skills they need. Produced in-house, the company has a video library of 5,000 videos across 150 professional skills which are available on-demand through the web.
Over the past year, Grovo has deployed its platform with Arizona State University, Chevron, DDB Worldwide, Equinox, Pernod Ricard, MediaMath, Saatchi & Saatchi LA, TracFone Wireless, and other organizations in 190 countries.
FinSMEs
18/02/2015