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Date: 01/03/2017
Category: Investments

GAMELEARN CLOSES A €2 MILLION ROUND LEADED BY KIBO VENTURES.

Gamelearn, specialized company in training video games development, closes its first institutional funding round with a €2 million investment of Venture Capital Kibo Ventures, one of the most relevant Venture Capital firms in Spain.

Gamelearn was created in 2007 as a pioneer company focus in the game-based learning development solutions. (Learning methodology based on video games use). A project led by three entrepreneurs with extensive experience in the management skills training  field (Ibrahim Jabary, Mai Apraiz and Eduardo Monfort), who have led the company to become world leader in its sector with a completely revolutionary and innovative bet based In the “soft skills” development through video games.

Since 2014, the Spanish company has doubled sales each year, has consolidated its international expansion and today has a portfolio of more than 1.000 corporate clients in 50 countries around the world.

Gamelearn, with Kibo Ventures´s help, begins 2017 with the challenge of strengthening its international presence in the markets of Mexico, United States, United Kingdom, France and Germany.

In recent years, Gamelearn has become the most world award-winning game-based learning platform (only in 2016 received 9 international awards). They have been place in a privileged position to lead a market that currently is the fastest growing market in the corporate training sector.

This investment is a further demonstration of the exceptional moment that experiences the edtech sector (new technologies applied to the education world).

For Ibrahim Jabary, CEO of Gamelearn, the Kibo Ventures entry brings to the project “a great experience and a deep knowledge of international markets” and involves “the impetus we needed to achieve the company’s strategic objectives”. With this investment, Gamelearn aims to double its business volume in 2017 with the clear goal of “continuing to be the world reference in the video games and training simulators development”.

For Javier Torremocha, Kibo Ventures’ founding partner, “Gamelearn represents an enormous opportunity that perfectly fits with our investment philosophy, being a company with a great product, a global spirit from its foundation and very solid units economics in a very especially attractive market”. “In addition, Torremocha also highlights the opportunity to have a 100% involved team and with the ambition and vision to be the global benchmark in the serious games sector focused on skills training”.

About Gamelearn

Gamelearn is the world’s leading “soft skills” developer through video games. The company, founded by Ibrahim Jabary, Mai Apraiz and Eduardo Monfort, has revolutionized the corporate education sector with its game-based learning platform, the most awarded worldwide. Through it, any company can develop and train its employees in a 26 total managerial skills, such as negotiation, leadership, time management or customer service. Since 2007, Gamelearn has trained professionals from more than 1.000 corporate clients in more than 50 countries.

About Kibo Ventures

With more than $120 million assets under management, Kibo Ventures is one of the Spanish Venture Capital companies with greater presence in the digital sector. With nearly 40 portfolio companies, they invest in entrepreneurs with global projects and a clear technological differentiation, based on scalable business models. Among other companies, they has invested in Carto, Flywire, Job and Talent, Jetlore, Blueliv, iContainers, Captio, Omnidrone or Farma Promotions. Kibo Ventures has a wide international profile, with companies based in Spain, United States, Latam, United Kingdom and Germany, and has co-invested with more than 35 European and North American funds. Kibo Ventures is supported by private and institutional investors, including Telefónica, Criteria, CDTI, EIF, FondIco and ROSP Corunna.

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