Israeli startup GrowthSpace secured a $15 million Series A investment round, co-led by M12, Microsoft’s venture fund, and Vertex Ventures. GrowthSpace offers a platform for employee development programs. With this round of funding, GrowthSpace’s total investments to date come to $19 million.
GrowthSpace offers firms the tools to create personalized growth programs for as many employees as they need, based on “truth and sprinkled with magic.” Its platform is an algorithm-powered system that the company says is backed by “real-world skill mapping that ensures the perfect match between employees and experts.”
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They promise that their clients gain access to their “carefully curated application-only talent network comprised of certified coaches, mentors and trainers with deep-running industry experience.”
We are excited to share our $15M Series A co-led by @m12vc – and @vertexventures!
It’s been an incredible journey and we are so proud of our team and all of the amazing customers and experts that have helped us come this far. When learning, and data come together, magic happens! pic.twitter.com/3dLGOFFLtw
— GrowthSpace (@trygrowthspace) September 22, 2021
“We deeply believe that there is greatness in everyone. If you had just one employee to develop, you would understand their challenge and match them with an expert in that specific challenge, right? This is precisely why we created GrowthSpace – to deliver the world’s most accurate and effective learning and development solution, leveraging data to achieve great results,” said Omer Glass, GrowthSpace co-founder and CEO.
“We’re thrilled with the Series A investment from Microsoft’s M12 and Vertex Ventures, which will enable us to grow and bring our data-driven and highly personalized employee development approach to more companies in corporate America that want to take their learning and development to the next level.”
The company is now looking ahead to 2022.
GrowthSpace says that it intends to transform itself into a “comprehensive platform for all human-led L&D, using the same concepts we have already built.” These include a platform that is personalized, data-driven and connected to business KPIs. The company says that it will expand one-on-one growth programs to many more topics – to cover every competency for every employee.
The company further boasts that of all of their customers, 96% of employees and 80% of direct managers have reported improvement in business KPIs.