Edenred Capital invests in 5Mins AI, the “TikTok-style” learning platform
02 Dicembre 2022 - 8:31AM
Edenred Capital invests in 5Mins AI, the “TikTok-style” learning
platform
Press release2 December 2022
Edenred Capital invests in 5Mins AI, the
“TikTok-style” learning platform
The Edenred
Group has invested in
5Mins
AI, via Edenred
Capital, its venture capital arm.
5Mins AI
is a gamified learning
platform reinventing employee upskilling through a
“TikTok-style” mobile-led
experience. Edenred Capital invested in
this seed round alongside
AlbionVC. This
investment aims to
drive 5Mins
AI’s product development and
expand its global customer
base.
5Mins AI is a UK-based company founded in 2021,
providing short-form learning for companies via a mobile app that
delivers personalised, micro-sized videos in TikTok format,
promoting continuous learning.
The platform features 15,000+ bite-sized lessons
from 150+ educators and coaches worldwide covering 100+ essential
technical and power skills for the workplace. Since going to market
in March 2022, more than 100,000+ lessons have been watched on the
platform and 5Mins AI’s annual recurring revenue has grown 20x.
Edenred Capital has a track record in corporate
learning, having already invested in Fuse Universal, a training
platform specializing in user generated content to large
companies.
Philippe Dufour,
co-founder and Managing Partner
of Edenred Capital,
says: “For more than 10 years, Edenred
Capital continues its long term goal of supporting entrepreuneurial
teams that are delivering first class solutions in the B2B2E
market. 5Mins AI provides a journey towards short-form, gamified
and more efficient corporate learning. Workplace learning has
evolved to become a must-have to help businesses drive innovation
while improving employee attraction and retention. We are convinced
that 5Mins AI is well-positionned to conquer this promising, yet
underpenetrated market, thanks to a top-notch technology platform
and an experienced team.”
Saurav Chopra, founder and CEO
of 5Mins AI,
says: “We are delighted to have Edenred
Capital as an investor and are looking forward to collaborating
with Edenred to open new geographies and enhance our value
proposition.”
▬▬
About Edenred Capital
Partners:
Edenred Capital supports
European technology entrepreneurs with long-term capital and
scale-up expertise. Its investment scope covers Fintech, Commerce
Tech, Future of Work and Professional Mobility. Edenred Capital
provide its portfolio companies with pragmatic recommendations and
helpful introductions to support them as they grow. Edenred Capital
is the corporate venture arm of Edenred SE (listed on the CAC 40
ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI
Europe indices) and maintains an independent Venture Capital
governance.
https://www.edenredcapital.com
About Edenred
Edenred is a leading digital
platform for services and payments and the everyday companion for
people at work, connecting 52 million users and more than 2 million
partner merchants in 45 countries via 950,000 corporate
clients.
Edenred offers specific-purpose payment
solutions for food (such as meal benefits), incentives (such as
gift cards, employee engagement platforms), mobility (such as
multi-energy, maintenance, toll, parking and commuter solutions)
and corporate payments (such as virtual cards).
True to the Group’s purpose, “Enrich
connections. For good.”, these solutions enhance users’ well-being
and purchasing power. They improve companies’ attractiveness and
efficiency,and vitalize the employment market and the local
economy. They also foster access to healthier food, more
environmentally friendly products and softer mobility.
Edenred’s 10,000 employees are committed to
making the world of work a connected ecosystem that is safer, more
efficient and more responsible every day.
In 2021, thanks to its global technology assets,
the Group managed close to €30 billion in business volume,
primarily carried out via mobile applications, online platforms and
cards.
Edenred is listed on the Euronext Paris stock
exchange and included in the following indices: CAC 40 ESG, CAC
Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.
The logos and other trademarks mentioned and
featured in this press release are registered trademarks of
Edenred S.E., its subsidiaries or third parties. They may not
be used for commercial purposes without prior written consent from
their owners.
▬▬
CONTACTS
Edenred Matthieu SantaluciaTel. +33 6 83 54
12 10matthieu.santalucia@edenred.com |
Edenred
Capital Partners Oscar HoareTel. +44 77 89 22 87
96oscar@edenredcapital.com |
- PR_EdenredCapital-5minsAI_2022-12-02
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