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In Tel Aviv, HR & People Engagement

Employee development platform GrowthSpace raises $15 million Series A led by M12

Israeli startup GrowthSpace, which has developed a platform for employee development programs, announced on Wednesday that it has secured a $15 million Series A investment round. The financing was co-led by M12, Microsoft’s venture fund, and Vertex Ventures. This latest round of funding, which also included previous investor M-Fund Club, brings GrowthSpace’s total amount raised to $19 million.

GrowthSpace has developed a technology that provides a personalized development program for employees. The system matches employees and experts after understanding their business goals and professional challenges. The company said it has over 1,000 coaches, mentors, and professionals speaking a variety of languages with expertise in 300 different skills. The company’s business model is based on an annual subscription that includes a certain amount of credits, with each credit being equal to one personalized development program for an employee which includes 5-7 meetings with an expert. The cost per credit drops as the subscription program grows.

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In San Francisco, HR & People Engagement

SAP Startup Spotlight: The Mom Project

SAP invests in a lot of promising startups, and it’s sometimes hard to keep track of all of them. E-3 Magazine has selected the most interesting companies to showcase in our SAP Startup Spotlight Series. In this article, we will take a look at The Mom Project.

The Mom Project is the leader in helping businesses attract and retain female talent. With a community of more than 500,000 talented professionals connecting to over 2,000 companies, the company is committed to building a better workplace by harnessing the oft-overlooked intellectual workplace power of moms. In this interview with founder and CEO Allison Robinson, we will explore what makes The Mom Project unique and what’s next for the startup.

E-3 Magazine: How does The Mom Project work?

Allison Robinson: On top of offering $500,000 in grants as part of the Stronger Together Fund, The Mom Project created programs to support community members during their time of need as we all continue to navigate the coronavirus pandemic that sent ripple effects through every aspect of life beginning in March 2020. RALLY, for example, is a peer-to-peer mentorship program giving community members the space to solicit and offer advice. Resume Rev, a no-cost program that helps moms put their best foot forward, saw more than 15,000 resumes created and downloaded within the first 90 days. RISE, the inaugural initiative from our not-for-profit MomProject.org, launched in September 2020 to elevate 10,000 women of color over the next three years through a new upskilling model that puts moms first with scholarships to highly sought-after technology certificate programs including Google and Salesforce.

As of July 2021, there are more than 500 women enrolled in RISE via one of six certification tracks including Salesforce Administration, Google IT Support, and Google IT Automation with Python, which can be completed in as little as six weeks. In Q2 of 2021, RISE also introduced additional certification tracks such as Project Management, Data Analysis, and UX Design to further accelerate the supply of qualified leaders of color to meet demand for diverse talent by committed employers and partners of The Mom Project.

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