Headquartered in NYC, Exec Online was co-founded by Stephen Bailey, Mark Ozer, Barry Goldberg and Julia Alexander in 2012. So far, ExecOnline has received a total of $87.7 million in funding over eight rounds. ExecOnline raised its latest funding on April 21, 2021.
The pioneer of online leadership development for enterprises announced a US$45M Series D funding round led by OMERS Growth Equity. The company also stated that all current key ExecOnline investors are also involved in the round, which includes Kaplan, NewSpring, ABS Capital Partners and Osage Venture Partners.
As a result of the funding, Saar Pikar, Managing Director with OMERS Growth Equity, will join the ExecOnline board of directors.
Moreover, ExecOnline partners with elite business schools like Berkeley Haas, Stanford GSB, Wharton and Columbia plans to leverage its unique and innovative applied-learning approach and proprietary online platform to deliver participant completion rates of more than 90%, impressive NPS scores, and strong ROI for the enterprise. ExecOnline also plans to utilize the fund to accelerate growth by investing in sales and marketing, expanding its content Experience Library, and enhancing its technology platform.
Stephen Bailey, co-founder & CEO of ExecOnline, said: “As a pioneer of online business leadership development, we have focused on delivering world-class learning experiences to businesses from day one. Leadership capability is a key competitive differentiator that becomes even more important as organizations prepare for the future of work. With the adoption of new hybrid work models, ExecOnline’s flexible, scalable platform powers our clients’ talent strategies in a way that also provides career-enhancing opportunities to a broader, more inclusive group.”
“This investment led by OMERS Growth Equity will help us solidify our strategic position as the world’s top leadership development platform for enterprises and further our ability to make a meaningful impact on our clients’ businesses. OMERS Growth Equity is a well-respected, thoughtful player in Edtech, and we look forward to accelerating our company’s growth with their support,” he added.
“ExecOnline has identified significant white space in the popular Edtech sector, which equates to a multi-billion-dollar opportunity that we believe the company is ideally positioned to access. We prioritize our investments in organizations that demonstrate innovative and sustainable approaches to modern challenges, something that ExecOnline has demonstrated since its inception,” said Saar Pikar, Chief Executive Officer of OMERS Growth Equity.
He also added, “The ExecOnline team is driven by a vision that resonates strongly with our own–to advance relevant solutions that change how organizations operate, specifically by transforming leadership development education and widening access to it. Stephen Bailey and his colleagues are truly ‘doing well by doing good,’ by facilitating this further evolution of executive development programs.”
The company have secured a series C funding of $18 million in October 2018, led by ABS Capital Partners. Other investors included New Spring, Osage Ventures Partners, Kalpan, NAV.VC.According to PrivCo., ExecOnline has a post-market valuation of $100M to $500M as of October 2, 2018.