Last Updated on: 22nd November 2023, 05:09 am
MentorShow announced today that it has finalized a new round of financing of €15 million with Educapital, Crédit Mutuel Innovation, a pool of renowned business angels, as well as existing investors, including Left Lane Capital. This new transaction brings the total amount of funds raised by Mentorshow since its creation 2 years ago to nearly €20M. It will provide the EdTech company with the necessary resources to consolidate its product, diversify its offerings and accelerate its international deployment.
The world of education is constantly evolving. Lifestyles are changing and everyone is free to design their own personal and professional path. Digital learning accompanies this trend and opens up the field of possibilities by allowing everyone to become autonomous in their learning by choosing their own themes and times.
It is in this context that Mathieu Moreno and Léo Dubert launched Mentorshow in 2020. Their objective: to reinvent the codes of the sector in Europe by offering online training courses given by experts in their field, to offer the possibility of developing one’s professional and human skills, via high-end content and using the codes of cinema.
“For many, learning is not a pleasure. We believe that developing skills should be as exciting as watching a good show. Why do we reserve the high-definition cameras and celebrities for content that entertains us, not content that accomplishes us? At MentorShow we want to create a new way of learning, combining the strengths of community, gaming and entertainment so that the choice to invest in yourself becomes obvious,” explains Léo Dubert.
Two years after its creation, Mentorshow has been a real success with both mentors and learners. Today, the platform brings together nearly 50 world-renowned mentors, including Karim Benzema, Boris Cyrulnik, Pierre Gagnaire, Christophe André, Pierre Hermé, Frédéric Mazzella and Marc Lévy.
Its masterclasses, which cover fields as varied as sports, cooking, management, well-being and leadership, have already attracted over 500,000 people in France and Spain. They are also highly acclaimed by users, as the platform has obtained a satisfaction score of 4.7/5 out of several thousand testimonials.
A fundraising to confirm its position as European leader in its category
After having multiplied its ARR by 6 in one year, Mentorshow has just finalized a €15M fundraising with Educapital, the reference EdTech fund in Europe, Crédit Mutuel Innovation, one of the biggest players in venture capital in France, the Spanish fund All Iron Ventures, several renowned business angels including Laurent Ritter (Voodoo), Paul Lê (La Belle Vie) and Romain Raffard (Bergamotte), as well as the historical investors Left Lane and FJLabs. This round of financing will allow MentorShow to continue and accelerate its growth trajectory.
Commenting on this transaction, Léo Dubert, co-founder and CEO of MentorShow, said: “We are happy and proud to have such prestigious funds and business angels join our capital and we thank them for their trust. We are confident that they will bring the experience and resources needed to take us to the next level.”
Thanks to this transaction, Mentorshow plans to launch new types of training, multiply partnerships with world-renowned mentors and accelerate its international expansion.
Marie-Christine Levet, co-founder of Educapital: “In the post-COVID world, the desire for personal development has flourished and people are looking for new ways to explore their potential talents or develop their hidden passions. At the intersection of learning, entertainment and inspiration, Mentorshow’s courses fully meet this need. We are delighted to contribute to this new round of funding aimed at their European rollout.”
Maxence Valero, investor at Crédit Mutuel Innovation: “The world of training is not immune to the major changes in society. Mentorshow has succeeded in developing an innovative value proposition whose potential has been rapidly demonstrated, as evidenced by the growing number of registrants to the various educational courses.”