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Investors Are Hot for Upskilling Platform Startups

Upskilling platform GrowthSpace recently received $25 million in funding from venture capitalists, signaling strong interest in startups focused on bolstering workers’ skills. So reports TechCrunch.

dollar 3706548 640 smallThe investment led by Zeev Ventures brings the total that GrowthSpace has managed to raise to $44 million amid a tight job market where employers are desperate to retain workers. Upskilling focuses on teaching employees new skills. Last year, Walmart announced that it would invest about $1 billion over the next five years to help its staff obtain higher education and training, and these investments have helped GrowthSpace and other upskilling platforms.

Upskilling and reskilling platforms took in $2.1 billion from venture capitalists from early 2021 and through this year. GrowthSpace was founded in 2018 by Dan Terner, Izhak Kedar and Omer Glass. “Terner realized that there was no effective, outcome-driven employee development platform to enable companies [including his] to better invest in their employees,” Glass said. “This led to the creation of GrowthSpace … During the pandemic and amid current economic uncertainty, companies have realized that they needed to double down on talent development.”

Read the full article from TechCrunch.

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