Teach On Mars Completes €7M Funding Round to Finance the Next-Phase Deployment of its Mobile Learning Technology
PARIS, January 24, 2019 /PRNewswire/ --
Teach on Mars, Europe's leading mobile-native learning technology provider, today announces the completion of its third round of funding, worth €7 million. This new investment is led by Omnes and Région Sud Investissement (advised by Turenne Capital), and also includes the company's existing investors, who have strengthened their capital position. This new funding will directly fuel Teach on Mars' development in three critical areas: its commercial expansion, most notably in international markets; the extension and reinforcement of its content partner network; and the acceleration of its Research and Development programme.
Founded in 2013 in Sophia-Antipolis on the French Riviera by Vincent Desnot, Tanguy Deleplanque and Quentin Dérunes, Teach on Mars launched a digital learning revolution by being the first company to recognise the potential of the modern mobile device to redefine the learner experience. Its 100% mobile-native learning environment incorporating solutions for the creation, distribution and management of professional training and personal development content through users' smartphones was the first of its kind in the world. With Teach on Mars, the smartphone becomes a personal learning assistant, enabling users to learn anytime, anywhere and on any device. The company rapidly became a European leader in next-generation learning solutions, growing in just over five years into a team of nearly 60 staff serving more than 100 blue-chip organisations and world-renowned brands. To date, Teach on Mars has been deployed to a million learners and operates in more than 20 languages and over 60 countries throughout the world. Its client portfolio includes more than half the companies in France's CAC 40 and world leaders in numerous sectors of activity, including luxury goods and financial services, as well as highly reputed training organisations.
This latest round of funding will see Teach on Mars enter a completely new phase of its growth, consolidating its position as European champion in the mobile learning sector with the explicit objective of leadership on a global scale. It will enable the company to implement a three-prong growth strategy through 2019 and into the mid-term. Firstly, it will continue extending its international presence, primarily though the formalisation of Value-Added Reseller distribution partnerships in Europe. Secondly, it will accelerate its programme of partnerships with providers of premium mobile-first learning content. This will strengthen its unique offering of multilingual learning resources specifically designed for deployment in a connected, mobile learner experience. Finally, it will maintain an aggressive R&D policy in order to consolidate its technological leadership. This will specifically include further investment in the development of smart algorithms leveraging the latest advances in artificial intelligence. These algorithms hold the key to significantly reducing the cost of creating and indexing learning content. They will also enable radically enhanced competency and performance management through the automatic construction of ultra-personalised training paths based on real-time semantic analysis of the needs, progress and learning preferences of individual users.
"Since 2013, Teach on Mars has moved comfortably ahead of the first-generation pack in the race to make digital learning mobile-first," explains Vincent Desnot, Co-Founder and CEO of Teach on Mars. "The next challenge is to deliver on the promise of 'permanent learning', where every aspect of the user's connected lifestyle is linked to his ongoing development. To do that, we must continue to pursue our objective of offering the finest learning ecosystem in the market. Teach on Mars will ultimately become more than a digital learning solution: it will be a tool for the continued employability of the new generations entering the workforce and a means to harness the power of collective intelligence for our client organisations."
This new funding round marks the arrival of two new institutional investors, Omnes and Turenne Capital's Région Sud Investissement fund.
"We are delighted to join forces with Teach on Mars for the coming years. Omnes truly believes in the power and the relevance of a mobile-first experience when it comes to the digital learning space. The impressive execution so far by Vincent Desnot and his team led us to support their international expansion plan as well as their product roadmap," says Xavier Brunaud, Director at Omnes.
"An undisputed pioneer and leader in the fast-growing mobile learning marketplace, Teach on Mars has rapidly succeeded in convincing more than 50% of France's CAC 40 companies thanks to the quality of its solution. We are proud to support Vincent Desnot through this new growth plan designed to reinforce the company's international presence and consolidate its dominant position" states Marie Desportes, General Partner at Turenne Capital.
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About Teach on Mars
Teach on Mars is a 100% mobile-native learning technology provider. Our solution helps today's organisations connect people with the learning and the communities they need to do their jobs and live their lives better.
Winner of numerous industry awards, Teach on Mars is recognised as European leader in the mobile learning space. Since its foundation in 2013, the company has delivered its solution to over 100 blue-chip clients, in 20+ languages across more than 60 countries throughout the globe, and today it has bases in Sophia-Antipolis, Paris, Milan and London. 60 Teach on Mars staff and an extensive worldwide network of 40+ content and technology partners collaborate to equip organisations with the toolset, mindset and skillset required to create their next-generation learning ecosystem. And because Teach on Mars takes its responsibility for the future of our planet seriously, it invests 1% of its revenues in education projects contributing directly to the UNESCO Sustainsable Development Goals.
Download our app today on App Store or Google Play and see for yourself how Teach on Mars could help you reboot the way you think about learning.
Twitter: @teachonmarsen
LinkedIn: https://www.linkedin.com/company/teach-on-mars
Press contacts:
Vincent Desnot, CEO & Co-founder, vincent.desnot@teachonmars.com / +33-6-20-80-75-66
Adam Charlesworth, International Marketing Director, adam.charlesworth@teachonmars.com / +33-7-82-90-30-99
Clotilde Hullin, Press Relations Officer, clotilde.hullin@teachonmars.com / +33-9-72-62-46-90
About Omnes
Omnes is a leading Paris-based European investor in private equity and infrastructure. With €3.6 billion of assets under management, Omnes provides SMEs with the capital needed to finance growth. The firm has dedicated investment teams across three key areas: Venture Capital, Buyout & Growth Capital and Infrastructure. With more than 30 trade sales and nearly 15 IPOs in 20 years (including Novaled, Biovex, arGEN-X and Direct Energie), Omnes Venture Capital team is a leading French player in financing innovative SMEs with dual expertise in the deep-tech and healthcare sectors. Its current portfolio includes AB Tasty, BlaBlaCar, Bankin', Scality and Sigfox. Omnes is owned by its employees. Omnes is committed to ESG issues and has set up the Omnes Foundation in aid of children's charities. It is also a signatory to the United Nations Principles for Responsible Investment (PRI).
www.omnescapital.com
Press contacts:
Omnes: Gaëlle de Montoussé, gaelle.demontousse@omnescapital.com - +33-1-80-48-79-16
Brackendale Consulting: Fay Margo, fay@brackendaleconsulting.com - +44-7962-1115825
About Région Sud Investissement
Région Sud Investissement is the regional co-investment fund created in 2010 by Région Sud to support the appearance and development of growing regional companies. This investment fund, with €80 million under management, has benefited from the support of the European Union through the ERDF fund that has accounts for 50% of its capital. Since July 2011, this fund, advised by Turenne Capital, has invested in 74 regional companies for a total of €36,6 million.
For more information: www.pacainvestissement.com
About Turenne Capital
Turenne Capital Group is a French major player in Private Equity, supporting entrepreneurs in their business development and transferring for 20 years. Innovacom, Turenne Capital's innovation brand, supports technology startups in early stage and seed capital. Turenne Capital is an independent firm owned by its management, with €930 million in assets under management. Its teams, 55 employees of whom 38 are investors, are based in Paris, Lille (affiliate in partnership with Credit Agricole Nord de France), Lyon, Marseille et Metz and support 250 businesses, in health sector, hotel industries, new technologies, distribution or innovative services.
Contact: josepha.montana@turennecapital.com
For more information: www.turennecapital.com
SOURCE Teach on Mars
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