Mediahuis Ventures, the venture capital arm of European media group Mediahuis, is investing €3,54 million in myskillcamp (www.myskillcamp.com). The investment by Mediahuis is part of a larger investment round in which, together with investment partners Wapinvest, Riverside Growth Fund, Inventures and Conviction VC, a total of €12 million is being injected. The additional funds should enable the Belgium-originated online training platform myskillcamp to develop further activities in the UK, the Netherlands, Germany and Switzerland. For Mediahuis, this is the third investment in the education technology market, following earlier investments in training provider Lepaya (www.lepaya.com) and the management coaching app Bunch (www.bunch.ai).
Founded in 2014, myskillcamp has experienced particularly strong growth over the past 6 years. At the basis of its success is myskillcamp’s unique offering: a combination of a ‘learning experience platform’ on the one hand and a ‘learning management system’ on the other. This way, myskillcamp not only offers employees a personalised and multimedia learning experience, but also provides companies with an interactive training hub where learning activities are centrally managed. Today, myskillcamp is already active in the Belgian and French market and will use the capital injection to tap new markets such as the Netherlands, Germany and Switzerland in addition to further growth in the UK.
Cédric Cops, investment lead at Mediahuis Ventures: “Mediahuis believes in the potential of the education technology market. In the past year and a half, the attractiveness of this market has only increased, driven by the strongly rising demand for e-learning applications and platforms. Within that market, we are constantly looking for promising players whom we can offer additional growth opportunities by means of financial support. Myskillcamp is definitely such a promising player that stands out from its competitors in the quality of execution of its product, clearly driven by the latest market needs and the stellar team behind it. The growth that myskillcamp is able to record year after year is rather exceptional and immediately makes it clear that there is a lot of European growth potential available. We are happy that Mediahuis can contribute to this.”
Mediahuis Ventures, responsible for the development of the group’s venture capital activities, aims to further broaden Mediahuis’ development potential by focusing on new growth markets and business models. In doing so, it looks for markets and activities that are an extension of Mediahuis’ social role. This is the case for the education technology market. The capital injection in myskillcamp is Mediahuis Ventures’ third investment in this market. Mediahuis previously invested in Dutch company Lepaya, an expert in offering blended soft skill trainings, and Bunch, a management coaching app.