The round, led by Kibo Ventures, will serve to boost the company’s international expansion and the launch of new products from the game-based learning company
Gamelearn, the company that specializes in developing video games for training purposes, has completed its first institutional round of funding with an investment of 2 million Euros by Kibo Ventures, one of Spain’s most important venture capital companies.
Gamelearn was established in 2007 to pioneer the development of game-based learning solutions (a learning method based on the use of video games). At the head of the project are three entrepreneurs each with considerable experience in the field of managerial skills training (Ibrahim Jabary, Mai Apraiz and Eduardo Monfort). Together they have grown the company to such an extent that it is now the global leader in the industry, with a completely revolutionary and innovative product that is based on the development of “soft skills” learnt through video games.
Since 2014 the Spanish company has doubled its sales every year; it has consolidated its international expansion, and today it has a portfolio of more than 1,000 corporate clients in 50 countries across the planet.
Gamelearn, with the help of Kibo Ventures, kicks off 2017 with the challenge of reinforcing its international presence in markets such as Mexico, the United States, the United Kingdom, France and Germany.
In recent years, Gamelearn has become the most award-winning game-based learning platform in the world (it was awarded 9 international prizes in 2016 alone), and it has established itself in a privileged position from which to lead a market that is currently growing more than any other in the corporate training industry.
This investment is yet another demonstration of the exceptional condition that the edtech sector (new technologies applied to the world of education) is in at the moment.
As far as Ibrahim Jabary, the Gamelearn CEO is concerned, the arrival of Kibo Ventures brings to the project “great experience and a profound knowledge of international markets” and constitutes “the boost we needed to be able to achieve the strategic goals that the company has set itself.” With this investment, Gamelearn expects that it will yet again double its turnover in 2017. Its clear objective is to “continue to be the global benchmark in the development of video games and training simulators.”
Javier Torremocha, a founding member of Kibo Ventures, says that “Gamelearn represents a huge opportunity that fits perfectly with our investment philosophy: it is a company that has a great product, a global spirit ever since it was set up, and very solid unit economics in a market that is particularly attractive.” Not only that, Torremocha also highlights the opportunity they have to work with a team that is “100% committed and has the ambition and vision needed to be the global benchmark in the industry of serious games designed to teach skills.”
Gamelearn is the world’s leading company in the development of “soft skills” using video games. Set up by Ibrahim Jabary, Mai Apraiz and Eduardo Monfort, the company has revolutionized the corporate training industry with its game-based learning platform, which has won more prizes than any other in the world. Their platform allows any company to develop and train their employees in no less than 26 managerial skills such as negotiation, leadership, time management or customer care. Since 2007, Gamelearn has trained professionals in its more than 1,000 corporate clients in more than 50 countries.
About Kibo Ventures
With more than $120M assets under its management, the Spanish venture capital company Kibo Ventures is particularly active in the digital industry. With close to 40 companies in its portfolio, Kibo Ventures invests in entrepreneurs with global projects that are clearly differentiated by the technology they use, and are based on scalable business models. It is involved in such companies as Carto, Flywire, Job and Talent, Jetlore, Blueliv, iContainers, Captio, Omnidrone or Promociones Farma. Kibo Ventures is very active internationally, with companies whose headquarters are in Spain, the USA, Latin America, the UK, and Germany. It has co-invested with more than 35 European and North American funds. Kibo Ventures is backed by private and institutional investors, including Telefónica, Criteria, CDTI, EIF, FondICO and ROSP Corunna. For more information, please visit Kibo Ventures.
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