ExecOnline Secures $16M Series B Funding Round
Summary
The round was led by NewSpring Growth Capital, NewSpring Capital’s dedicated growth and expansion stage fund, with participation from existing investors Osage Venture Partners, New Atlantic Ventures, Kaplan, and Thomas Lehrman, co-founder of Gerson Lehrman Group.The company intends to use the proceeds to extend its sales and marketing capabilities, and to grow its suite of enterprise-focused online leadership development offerings.Founded in 2012 by Stephen Bailey, CEO, ExecOnline partners with top business schools, including Berkeley-Haas, Columbia, IMD, MIT-Sloan, Wharton, and Yale, to deliver online leadership development programs that generate organizational impact.Its university-certified programs in leadership, strategy, innovation, operations, and more feature dynamic content tailored to the unique corporate objectives of their clients.Programs consist of on-demand video lectures, self-paced application exercises, and live online collaboration with faculty and a global community of high-achieving professionals.