Home Madrid education MobieTrain, based in Belgium, obtains 9 million euros for its mobile micro-learning platform

MobieTrain, based in Belgium, obtains 9 million euros for its mobile micro-learning platform

0

Genk-based MobieTrain, a mobile micro-learning platform for frontline workers, announced on Thursday that it has raised €9 million in a new funding round led by new shareholders Fortino Capital and BNP Paribas. Fortis Private Equity.

Renaat Berckmoes, Partner at Fortino Capital, says: “Only 20% of companies combine HR with operations and IT to improve their work life without an office. According to recent research, the training market for the world’s 2.8 billion frontline workers is expected to grow to $40.1 billion by 2027, from $18.9 billion in 2022. The recent expansion and success story of MobieTrain in southern Europe highlights its great potential. We look forward to helping MobieTrain on its international journey.

How to improve your open source security?
Follow these three steps and set yourself on the path to stronger security practices.Show more
Follow these three steps and set yourself on the path to stronger security practices.Show less

The round also saw participation from existing investors Concentra, FOM Capital and LRM.

Belgian scale-up HRtech says it will use the funds to expand into new and growing European markets in the coming months, support product development and innovate the way people learn at work.

On-the-job training with mobile-first microlearning

Founded in 2015 by Guy Van Neck, Mireille Van Hemert-Schelling and Willi van Boven, MobieTrain offers customers a micro-learning app that gives employees access to small-scale daily content to boost knowledge retention and the productivity. Simply put, the app allows companies to design individualized and dynamic learning paths for their employees.

In fact, organizations can use the intelligent micro-learning platform to share new information with staff or refresh their knowledge at a pace that suits them in a mobile, flexible, user-friendly and efficient way.

Through the use of MobieTrain’s micro-learning technology, frontline employees, including salespeople, construction workers, nurses, and logistics personnel, can easily complete their onboarding and training processes. Short and fun learning modules for mobile phones streamline knowledge retention, stimulate employee enthusiasm and simplify information exchange.

In May 2021, the company raised €4 million and then opened branches in Spain and Italy, with the workforce increasing to 53. In March 2020, MobieTrain raised €1.8 million.

Expansion into new markets

More than half of MobieTrain’s revenue comes from overseas markets, and it has seen triple-digit growth over the past year. The company is now used by over 100 organizations in 30 countries, including companies like Azadea, Diesel, Emirates Post, Hästens, Odlo, Roompot, VF and Via Outlet to train their frontline workers.

MobieTrain CEO Guy Van Neck says: “To maintain this pace of growth, we are strengthening our teams in Genk, Madrid, Milan and Amsterdam, where we opened a new office last month. We will soon also expand to Germany, France and the UK, and start distance sales from Madrid in other markets such as Scandinavia. This internationalization should enable us to at least double our turnover each year and consolidate our position as market leader in Europe.

How Intigriti cybersecurity scaling took the world by storm?

Watch our interview with Paul Down, Head of Sales at Intigriti.

Watch our interview with Paul Down, Head of Sales at Intigriti. Show less