GrowthSpace, an Israeli startup that offers a talent development platform, raised $25 million in Series B funding led by Zeev Ventures. Existing investors M12 (Microsoft’s venture fund) and Vertex Ventures participated in this round.
Just last September, GrowthSpace raised $15 million in a Series A investment round. GrowthSpace has now raised a total of $44 million to date.
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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The company boasts that over 95% of employees who have experienced a GrowthSpace program and 90% of their direct managers have reported improvement in desired business outcomes. Additionally, the platform drives measurable impact on the KPIs that the organization prioritizes e.g. performance, throughput, ENPS and various business KPIs.
The GrowthSpace talent development platform connects employees to relevant experts at scale and the company says that it is solving a major challenge in a $360 billion market.
The platform can be implemented modularly to address specific requirements or set up as a comprehensive solution, enabling companies to plan and execute various talent development programs.
“We’re thrilled with the Series B investment led by Oren Zeev, that enables us to continue partnering with hundreds of forward-thinking companies looking to strengthen investments in the future of their employees, who will be able to drive business KPIs and impact performance through our outcome focused talent development platform,” stated Omer Glass, CEO and Cofounder of GrowthSpace. “The demand for our solutions is strong as we achieved a 5x ARR growth in the last 12 months. Additionally, we have built a network of 1,500 experts in over 50 countries, and look forward to expanding our reach and impact even further.”