Cloud-based, no-code, white-label, all-in-one platform LearnWorlds has announced that it has secured a $32 million minority investment by global venture capital and private equity firm Insight Partners. The platform plans to use the funding to scale up across a variety of different areas, mainly by advancing its product roadmap and boosting its customer success efforts along with accelerating marketing and sales focused on SMBs on a global scale.
LearnWorlds aims to more than double its staff from 80 to 170 full-time employees in the next year, expanding the team internationally, beyond its current headquarters in Greece and Cyprus.
Panos Siozos, co-founder and CEO of LearnWorlds, said, “We set out to create the best and most accessible course creation platform for educators who are as passionate about teaching as we are. We democratized direct-to-consumer e-learning, by making it possible for everyone to launch their own Lynda, Masterclass or Coursera, out of their own living rooms, and to profit from their skills and content.”
Nikitas Koutoupes, managing partner at Insight, and Boris Treskunov, Principal, will be joining the board, giving the company access to solid operator experience to help guide them into the next phase, according to a statement.
