Total amount raised
$165.2 Millions
Latest funding date
9/1/2021
Location
Docebo has successfully raised significant funding through multiple rounds, with the latest being a Post-IPO Equity round. The company is backed by notable investors, including Klass Capital and Principia SGR.
Keep reading to delve into the details of Docebo's fundraising journey and the strategic investors supporting this dynamic learning platform.
What Is Docebo?
Docebo, founded in 2005 by Claudio Erba, is a cloud-based SaaS Learning Platform headquartered in Toronto, Ontario, Canada. The platform enables companies to deliver, track, and certify online training for their staff, supporting scalable and personalized learning experiences.
With a workforce of 501-1000 employees, Docebo offers a range of products including the Docebo Learning Platform, Docebo Shape, PeerBoard, and Learn Data. These tools are designed to enhance enterprise learning needs through innovative and AI-driven solutions.
Docebo's global presence includes offices in Athens, GA, USA; Biassono MB, Italy; Dubai, UAE; London, UK; Paris, France; St Kilda, Victoria, Australia; and Berlin, Germany. The company continues to expand its reach, serving over 3,800 companies worldwide.
How Much Funding Has Docebo Raised?
- Pre-Seed Round
- Amount Raised: €150K
- Date: July 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core product and establish the company.
- Seed Round
- Amount Raised: €2.4M (approximately $3.1M)
- Date: February 2012
- Lead Investors: Principia SGR
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the Docebo Cloud E-Learning platform, expand the Naples office, and support international expansion.
- Series A
- Amount Raised: $3M
- Date: February 2015
- Lead Investors: Klass Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Post-IPO Equity
- Amount Raised: CA$75M (approximately $59.5M)
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Post-IPO Equity
- Amount Raised: CA$128.8M (approximately $102.2M)
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product development and global expansion.
Total Amount Raised: $167.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Klass Capital
- Details: Klass Capital is a growth equity firm based in Toronto, Canada. They focus on investing in enterprise software businesses.
- Investment Focus Areas: Enterprise software, SaaS, technology.
- Notable Investments: Resolver, Firmex, Nulogy.
- Principia SGR
- Details: Principia SGR is an Italian venture capital firm that manages several funds, including Principia II. They invest in innovative companies with high growth potential.
- Investment Focus Areas: Technology, healthcare, digital media.
- Notable Investments: Genenta Science, EryDel, Directa Plus.
- Quantica SGR
- Details: Quantica SGR is an Italian asset management company specializing in private equity and venture capital. They support companies in various stages of growth.
- Investment Focus Areas: Industrial, technology, consumer goods.
- Notable Investments: Not publicly disclosed.
What's Next for Docebo?
Docebo stands at the cusp of significant growth opportunities, driven by the increasing demand for flexible, integrated E-Learning solutions. The launch of their new cloud-based platform and expansion into international markets position them to capture a larger share of the global E-Learning market. With over 300,000 users already on board, the potential for scaling is immense.
Future fundraising rounds seem likely as Docebo continues to expand its reach and enhance its product offerings. These funds could support further technological advancements and strategic acquisitions, enabling the company to stay ahead in a competitive landscape. However, challenges such as managing international expansion and ensuring the platform meets diverse organizational needs will require careful navigation.
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