General Atlantic leads $60m Series B for online education business OpenClassrooms

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Global growth investor General Atlantic has led a $60m Series B financing round for online higher education platform OpenClassrooms.

The company was founded in France in 2013 by Pierre Dubuc and Mathieu Nebra, who started building online courses in their teens.

OpenClassrooms currently has about three million monthly unique users and offers over 300 proprietary certifications, and more than 32 bachelor’s and master’s level degree programmes in fields such as web and mobile development, UX design, data science, and digital marketing.

Earlier this year, the company joined forces with telecoms giant Orange to train people in Africa in digital technology and last year, launched an online apprenticeship program with Capgemini – a global IT service company – to fill new roles by helping find, hire, and transform candidates into job-ready, highly skilled employees.

General Atlantic principal Chris Caulkin said, “Vocational and skills-based education is playing an increasingly important role in combating the global skills gap driven by the pace of technological advances.

“OpenClassrooms has emerged as a pioneer in this field, through its innovative pedagogy focused on teaching job-specific skills that render graduates more readily employable.”

General Atlantic had about $24bn of assets under management at the start of the year.

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