13 January 2020:
Jolt has raised $14.1 million in fresh round of funding. The funding round was led by Balderton Capital. The startup will use the fresh capital to help professionals further their careers through its education programs.
James Wise, Partner, Balderton Capital said, “There is a rapidly increasing demand from both employees and employers for more adaptive forms of professional education. Jolt combines a powerful tech platform with a deep understanding of how people really learn to fulfil this demand, giving the learner complete control over when, what and with whom they study. We believe Jolt has the potential to help tens of millions of students, who couldn’t otherwise afford the time or cost of a traditional business school, to gain new skills and meet new people.”
Liat Shtainberg, Head of People Strategy at MagicLab, said, “The pricing model works well for working professionals as you can freeze your account for a minimal amount if you’re away for a long time or have a particularly busy time at work and the range of courses is quite incredible, whether it’s marketing, finance, product and personal growth. It offers an all-round curriculum to get you up and running and ready to try your luck in a startup or upskill you to go for new jobs.”
Jolt was founded by Roei Deutsch, Nitzan Cohen-Arazi and Nadav Leshem in 2015. The startup offers affordable alternatives to traditional MBA courses.
(Image – Jolt)