Docebo receives from Principia II, part of Principia SGR, 2,4 € million to boost its business into a Cloud E-Learning 'As a Service' model
Docebo, an international company specialized in providing integrated E-Learning solutions for corporates, announces that Principia II, part of Principia SGR (one of the biggest players in the venture capital market), signed for a 2,4 € million (3,1 U$ million) capital increase.
The entry of Principia II in Docebo’s capital represents a unique opportunity, for the E-Learning company, to boost the development of its product in a Cloud / SAAS perspective, so as to respond to a clear market demand still remaining unanswered. This funding operation is intended to support the launch of the brand-new Docebo Cloud E-Learning platform, with unique features able to disrupt the current market rules. To be activated online, with no technical skills required, it allows large and small organizations to deliver training in a flexible and immediate way.
Docebo, leader in providing integrated E-Learning solutions for distance training to large companies, SMEs and government, is currently training more than 300.000 users across every continent, thanks to its Docebo E-Learning platform, multimedia E-Learning courses development and Project management services. With a positive track record since its foundation and steadily growing revenues over the past 7 years, Docebo has established itself on the international market with 2 fund operations: on 2006 with the Angel Investor Seeweb, now with Principia II.
Claudio Erba, CEO of Docebo, states: “Some of Principia SGR partners – Andrea Di Camillo and Marco Magnocavallo – were themselves Internet entrepreneurs: this has created a natural and spontaneous understanding of perspectives”.
Docebo’s investment strategy is focused on an internationalization of Docebo E-Learning platform (already available in more than 25 languages), challenging the cloud solutions made in Silicon Valley.
Andrea Di Camillo, partner of Principia SGR, states: “we have invested in Docebo, an firm which already builds its success on a great product on one side, and on the ability and experience of its team on the other one: two essential factors that allow Docebo to face and boost its international growth that we want to support also with the new – not only financial – allocated resources”.
Finally, Docebo’s CEO looks to the future: “I think that Docebo is an exemplary case of the ability to market a “disruptive” and revolutionary product which – I’m sure – will be considered our new Docebo Cloud”.