FourthRev Secures $8M in Series A Funding to Expand Digital Skills Programs to Academia and Industry


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  • First European impact fund on education technologies, Educapital joins Reach Capital and Emerge Education as well as edtech entrepreneurs as investors in FourthRev
  • New university partnership established with King’s College London to develop additional Career Accelerator programs

LONDON–(BUSINESS WIRE)–Online education company FourthRev today announces the successful closing of its $8 million Series A funding round. The lead investor is Educapital, Europe’s first edtech impact fund, with follow-on funding from Reach Capital, Emerge Education and Danner Capital as well as a number of edtech entrepreneurs and executives. *

Building on previous university partnerships and success in delivering digital skills courses, FourthRev has created a new category of education called Career Accelerators to fill digital skills gaps globally. These programs pave the way for employer-university collaboration by combining the robustness and recognition of a world-class university education with the best employment-oriented technical training. FourthRev brings together globally recognized universities, such as the London School of Economics and Political Science (LSE) and now King’s College London, leading technology companies such as Tableau and Github, and industry employers such as Thoughtworks and Robert Walters to design unique and highly cost-effective solutions. , globally relevant programs.

The first FourthRev Data Analytics Career Accelerator currently underway is a six-month program that will train students from different backgrounds and disciplines to develop holistic data analytics skills. It has been designed and developed by the LSE’s Statistics Departments and Methodology Department, working with leading industry partners to ensure that the results match current industry demand. The program will introduce the basic concepts of data management and analysis and incorporate real-world projects to allow students to apply and challenge their knowledge in authentic business scenarios.

The investment will be used to develop and promote more career accelerators focused on key areas experiencing the most acute digital skills shortages, such as cybersecurity, AI, analytics, user interface and skills in project management. As the world’s first remote company, FourthRev will double its workforce worldwide, expanding its operations to the UK, Australia, South Africa and North America.

Jack Hylands, co-founder of FourthRev, said: “The digitalization of the global economy driven by the Fourth Industrial Revolution has been dramatically accelerated by the COVID-19 pandemic, with digital transformation plans having been dramatically increased over the past few years. last two years. This rapid digitization of the economy means that 85 million jobs are expected to be lost due to the emergence of new AI and automation technologies, but 97 million jobs are expected to be created.

“If the workforce is to succeed in this new economy, it will require a specific and different set of superior technological, emotional and cognitive skills. Our mission is to support the workforce and learners through these changes, which is why we created and launched Career Accelerators last year. By combining the best in career-focused, high-return education with the value of the world’s best universities, technology partners and a direct path to employment, this unique proposition enables learners around the world to unlock high-growth digital careers.

A key element of Career Accelerator programs is the balance between developing technical and human skills. As artificial intelligence redefines the division of labor between machines and humans, employees will need to double down on human skills such as problem solving and emotional intelligence. Career Accelerators provide personalized development of these people skills through access to career coaching that helps build personal and professional growth, as well as facilitate data-driven connection between students and partner employers.

Litzie Maarek, co-founder and managing partner of Educapital, said: “It is clear that there is a desperate need for more effective and relevant education in the area of ​​digital skills education. We believe the way FourthRev builds the foundation of its coursework on industry needs, works with academia to deliver higher-order thinking and intellectual resilience, and instills confidence in graduates through partnerships with the he industry is unique. Our mission at Educapital is to identify and support edtech companies that will have a tangible impact for current and future generations. FourthRev is doing just that by building a new educational pathway to address one of the greatest educational challenges of our time.

Shauntel Garvey, co-founder and general partner of Reach Capital, said, “Strong demand for FourthRev’s premier career accelerator and a growing pipeline of academic and industry partners show that now, more than ever, learners are looking for which combine practical technical skills with the rigor of renowned universities. Additionally, by integrating human skills development into the curriculum, FourthRev will better equip its graduates to thrive in the digital economy. Human connections are essential to all successful learning experiences – and central to our impact thesis at Reach.”

ENDS

*Following investors include Danner Capital and Craig Pines, who joins FourthRev’s board of directors. New investors include Dan Devine, Greg Finkelstein, Jeff Keith and Scott Mckinley.

About FourthRev

FourthRev exists to create economic and social value through access to high-growth digital careers. As the original creators of the Career Accelerator model, the company is committed to providing a launch pad for careers in the digital economy. Developed and delivered by world-renowned universities, technology companies, and employers, Career Accelerators provide technical, business, and people skills backed by the quality and rigor of academic education. These online programs aim to accelerate career progression, open direct paths to in-demand jobs, and provide opportunities for continuing education.

About Educapital

Educapital is the first European impact investment fund dedicated to the future of education and work (EdTech). Created in 2017 by Marie-Christine Levet and Litzie Maarek, Educapital invests from late seed to Series B in disruptive and innovative European startups in their preferred spaces. They focus on the entire education sector, from early childhood, K12 and higher education to lifelong learning, enterprise development and the future of work. Educapital’s ambition is to help emerging European Edtech champions by providing initial financial support, ongoing expertise and market-specific know-how. Educapital has invested in 20 leading EdTech companies, including Labster, 360 Learning, Preply, Lunii and LiveMentor, making it one of the most active EdTech funds in the world.

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Source: FourthRev

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