Coorpacademy investment from NextStage

Online corporate training startup raises first-round funding

Coorpacademy is an on-line company training platform that dispenses courses similar to a MOOC website. The startup was cofounded by Jean-Marc Tassetto, the former CEO of Google France, who quit his job in March 2013 for this purpose. Coorpacademy sells its courses to companies, with the promise that it will reduce their training costs by 90%.

After using its own funds for about a year and a half, the company received financial backing from NextStage and Debiopharm. It plans to use this money to recruit staff and expand into international markets to increase its current base of 200,000 users.

Coorpacademy’s clients include such major groups as Bouygues Telecom, Renault, Pernod Ricard, SFR and GDF Suez. The company posted revenue of about 2 million euros its first year. R&D is based in Lausanne, Switzerland. Coorpacademy creates some of its training videos (particularly those that deal with enterprise digital transformation), while others can be made by clients themselves and then deployed on a platform that is tailored to meet the client’s specific requirements.

In addition to reducing training costs, Coorpacademy strives to make its courses fun and to adapt them to individual needs, so that employees can start at a level that is consistent with their knowledge. The course program can also adjust its pace to user responses.