Personalized talent development program Company GrowthSpace raises $ 15 million


  • GrowthSpace, a global leader in personalized talent development programs, announced it has secured a $ 15 million Series A investment round. These are the details.

GrowthSpace, a global leader in personalized talent development programs, announced it has secured a $ 15 million Series A investment round. The tour de table was co-led by M12 (Microsoft’s venture capital fund) and Vertex Ventures. And this latest round of funding brings the total amount raised by GrowthSpace to $ 19 million. This round of funding will be used to grow the company’s team globally and expand its industry-leading proven technology that connects employees with relevant experts at scale.

GrowthSpace is known for providing an algorithm-based system backed by real-world skill mapping that ensures perfect matches between employees and experts every time. And the GrowthSpace platform addresses the most critical issues associated with traditional coaching and mentoring programs, including their inability to scale and the challenges associated with measuring employee progress. In addition, the platform offers digital training, coaching and mentoring, as well as conferences and workshops, all over the world. The result is a collaboration that ensures that company training goals are met.

With GrowthSpace, businesses no longer have to budget for universal learning and development programs with unpredictable results. And instead, GrowthSpace’s individual development sprints facilitate cooperation between employees and managers, enabling them to define and execute professional growth programs based on challenges that are directly linked to the key performance indicators of the company. the company.

The GrowthSpace approach to employee learning and development – which incorporates over 300 technical and soft skills, taught by nearly 1,000 experts in over 30 languages ​​in some 40 countries – has been enthusiastically received by global companies to support both training and employee retention. And 96% of employees who experienced a GrowthSpace program and 80% of their direct managers reported an improvement in desired business KPIs. One of the main reasons for the explosive growth of the business is that companies were looking for a modern solution to retain their employees, which is increasingly difficult in today’s fragmented remote workforce.

Customers currently using the benefits of the GrowthSpace solution include Applied Materials, Checkpoint, Johnson & Johnson, Intel, Nespresso, Gainsight and Taboola.

The design and implementation of the GrowthSpace model provides sufficient oversight to keep talent development programs on track for desired outcomes, ultimately leading to better training outcomes for employers and employees.

KEY QUOTES:

“We deeply believe that there is greatness in everyone. If you only had one employee to develop, you would understand their challenge and put them in touch with an expert in that specific challenge, right? That’s precisely why we created GrowthSpace – to deliver the world’s most accurate and efficient learning and development solution, leveraging data for great results. We are excited about Microsoft’s M12 and Vertex Ventures’ Series A investment, which will allow us to grow and bring our data-driven and highly personalized employee development approach to more US companies looking to expand their learning. and their development to the next level. “

– Omer Glass, co-founder and CEO of GrowthSpace

“GrowthSpace has helped us match the right experts with the right people. Using the advanced data capabilities of the GrowthSpace platform, we could track employee progress before, during and after each personal development sprint and correlate these activities with business results. The ability to deliver tailored and personalized professional development not only to executives, but also to middle managers and individual contributors, is aligned with our innovative, employee-centric culture that leads to better, happier and more employees. flourished. Because I saw the effectiveness of the program in my own business, I became a GrowthSpace investor.

– Liad Agmon, CEO of Dynamic Yield

“Companies of all sizes strive to take advantage of learning and development programs, while employees want and need solutions that will help them achieve their next career goals. The GrowthSpace platform provides an effective learning and development framework, including matching skills, data and analytics essential to determine the true ROI of employee coaching. Their solution is a breakthrough because it brings professional and personalized coaching to every employee, on a large scale, and the company has built an impressive track record in a short period of time.

– Irad Dor, partner at M12

“With a powerful solution and a knowledgeable team, GrowthSpace is in the right place at the right time. Several of our portfolio companies are already using GrowthSpace. In fact, we found out about GrowthSpace after asking members of our HR forum, which includes all of the HR managers in our portfolio companies, to identify the most valuable and meaningful platform they use. GrowthSpace emerged as the clear answer.

– Aviad Ariel, general partner at Vertex Ventures


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