Following its Series C funding round of $180 million, Greek-founded Blueground is leading the $14M […]
Romanian microlearning platform Code of Talent closed a €1.7M Series A investment round led by Catalyst Romania. It was joined by Roca X and SeedBlink, former investors in the company’s €455K pre-seed round in 2020. With one more investor on their side, Code of Talent aims to further develop the platform and expand internationally.
“This round of Series A investment is of strategic importance for accelerating the global expansion of Code of Talent. That is why we are happy to have Catalyst Romania join us for the added value they will bring as a result of the experience and competence of their team,” said Vlad Grigoriu, founder and CEO.
The future of training is microlearning
In a nutshell, Code of Talent is on a mission to take the learning and training experience for employees to the next level, making it more engaging and motivating, and in turn delivering superior training ROI for businesses.
Already, the company has 100,000 customers on 4 continents, including names such as Coca-Cola Japan, Bosch, Porsche, National Bank of Greece, BAT, Banca Transilvania, OTP Bank, and Door Training. 2021 brought an increase in the numbers of users, and a bigger geographic presence, the platform being available in 18 languages.
At the center of its approach to the training there is microlearning with personalized learning experiences, combined with gamification, social learning, and training assistance.
Code of Talent uses micro-tasks that can be solved easily and quickly (in 3 to 7 minutes) to integrate the learning experience in the daily life of participants. Why microlearning? It has been proven to improve learning retention and efficiency by making information easier to understand and process through compact and small learning modules.
Moreover, the platform encourages peer interaction, allows participants to give each other feedback, badges, and medals.
In the platform, trainers can easily navigate through a project roadmap of five steps, which include identifying the participants’ expectations and goals, setting up digital missions, and generating performance reports.
How the company won investors on its side
A tech believer, driven by the mission to help organizations and people use their potential and grow through learning and innovation, Vlad Grigoriu has 20 years of experience in entrepreneurship, executive positions and consulting. At Code of Talent, he also brought his experience with learning and development from Co-Factor, an employee engagement platform he founded in 2011.
The new investors from Catalyst Romania were impressed with his high level of understanding of the sector, and the resulting complex platform, which has already been successfully implemented by large enterprises, said Alin Stanciu, Partner at the fund.
Existing investor Roca X further explained their decision to reinvest:
“One of Roca X’s guiding principles is doubling down on the winners, and Code of Talent is by far and large a winner, thus it was only natural to follow up our first investment. The ambitious goals that the founders set for themselves and for the company at the beginning of the year have been expertly pursued, culminating with the round led by Catalyst and our follow-up. We firmly believe that Code of Talent is well on its way to becoming another Romanian and CEE success story,” Theodor Genoiu, Junior Investment Manager at Roca X, told The Recursive.
AI and machine learning to propel the platform in 2022
In 2022, Code of Talent aims to expand in other key markets, as well as bring new customers, and strategic partners.
Aside from expanding internationally, Code of Talent will be using new technologies to make its microlearning platform even more prepared for the future. With automation, the company aims to help users such as trainers, L&D specialists, and HR managers, automatically generate learning sequences starting from any type of existing content. To further improve student experience and training effectiveness, machine learning modules will also be added.