Learnship Receives €10 million to Fuel Global Expansion
Learnship, a global leader in the field of digital foreign language training for corporations, today announced that THI Investments, a German firm with €1.5 billion in assets, has invested €10 million in the company.
The investment will help accelerate Learnship’s expansion plans to grow its full-service language training solutions around the globe. Learnship empowers international companies to offer continuous education through its proprietary learning platform and high-quality online and on-site training services offered at a competitive cost. As early as next year, Learnship intends to expand its product portfolio further to include intercultural training and language coaching.
The company’s growth will be led in part by newly appointed Senior Vice President, Dean Cooper, an industry leader in global distribution of learning solutions. The newest member of the Learnship management team, Cooper will be based in the United States and lead global sales activities.
Founded in Germany in 2008, Learnship has since expanded across Europe and, since 2015, has also operated in the United States. With an average growth of 40% over the last five years, Learnship teaches employees of over 2,000 clients, including leading brands such as Amazon, Bertelsmann, Nestlé, Puma, Roche and Volvo, in 75 countries.
Learnship founders Sushel Bijganath and Thomas Sonntag stated: „We are pleased to have found an entrepreneurial experienced partner in THI, who shares our fascination with digital training, and wants to work together with us to establish Learnship as the undisputed innovation and market leader – not only in Europe, but also globally.“
Mihir Kotecha, CEO at THI Investments, adds: „B2B education is a strong global growth market within the service sector. Because of the rapid development of digital technology and the growing and diversified training demands of global companies, the market has been in a state of constant transformation for years and presents many opportunities. Learnship has seriously impressed us with its development strategy, having created both a unique infrastructure and innovative products for effective, global business training.“
More information: www.learnship.com
Learnship helps organizations to boost their productivity by unleashing the full potential of their employees. Learnship’s mission is to support people and businesses all over the world in their pursuit of improving their international business communication by providing excellent products and services. Learnship’s goal is to become the global leader in digital learning by transforming the way the world acquires knowledge and skills.
Founded: 2008 in Cologne, Germany
Locations: Headquartered in Cologne (Germany) with offices in Berlin, Munich, Paris (France), Basel (Switzerland) and Chicago (USA)
Employees Approximately: 200
Language trainers: 900+, teaching in more than 75 countries
Clients: Approximately 2,000 corporations worldwide
Core products: Face-to-face online language training for corporations available in 14 languages, intercultural training, and related training administration services
About THI Investments:
THI Investments is a Single Family Office founded in January 2016. THI’s vision is to be a Multi-Asset investor which aims to create wealth and diversify risk over the long term. THI’s goal is to be prepared for, but also thrive with, the changes and challenges of the future through an entrepreneurial portfolio of investments into progressive, innovative and growing companies. THI is headquartered in Stuttgart. Web: www.thi-investments.com