Image Credit: VCG

Lepaya, an Amsterdam-based skill training provider that combines online and offline learning, recently announced a $40 million Series B investment.

The round was led by Target Global, and joined by Noor van Boven (formerly N26), Anna Brandt (formerly Mollie), entrepreneurs Jordy Kool (Urban Gym) and Chris Zadeh (formerly Ohpen), as well as existing investors Mediahuis Ventures and Tablomonto. The recent funding brings the total capital raised to $47 million.

Founded in 2018 by René Janssen and Peter Kuperus, Lepaya aims to fill the skill gaps of the workforce. It combines over 50 soft and hard skill training modules into power skill development programs, offering learning interventions, and real-time data on learner behavior and impact.

The company claimed it has more than 150 clients, including Microsoft, L’Oréal, Takeaway, Hellofresh, Mollie, Flink, and KPMG.

The fresh capital will enable Lepaya to accelerate market consolidation with the company looking for acquisition targets in the UK, Germany, and the Nordics, drive product development, and further expand internationally.

Lepaya also plans to double its headcount to 200 employees, with a focus on Germany, the Nordics, and the UK.

“With the labor market undergoing rapid change, organizations face a huge skill gap. The lack of upskilling options is one of the top three reasons employees want to leave the company they are working for. At the same time, leaders need to understand and train for the challenges of the 21st century including remote work and empower their employees to grow. They must transform their workforce to drive productivity and growth as well as mitigate employee attrition,” said René Janssen, CEO and co-founder of Lepaya.