Vista Equity Partners, a global investment firm focused on enterprise software, data and technology-enabled businesses, has made an investment in Schoox, a learning and talent development platform.
“Schoox aligned around a crucial insight that learning and development needs to be more tailored, flexible and tech-powered to help workers in our evolving global economy adapt, from office workers in a hybrid environment to frontline employees navigating a new normal,” said Lefteris Ntouanoglou, co-founder and CEO of Schoox. “This new investment from Vista will enable us to scale our platform and bring insights to more customers, building out our product suite and expanding our go-to-market team. Partnering with Vista will help us achieve this goal while staying true to what has made us successful so far: taking great care of our people, who in turn take great care of our customers. Our company is growing, but our customer-obsessed culture won’t be changing.”
The investment in Schoox is made by Vista’s Endeavor Fund, which is focused on software, data, and technology-enabled businesses.
“After a tumultuous year for the economy, the labor market and frontline employees, learning and development platforms like Schoox continue to be vital in helping companies build up their workforce and accelerate success,” said René Yang Stewart, co-head of Vista’s Endeavor Fund and senior managing director. “Schoox’s strong management team, powerful technology platform, and unyielding dedication to customer service puts it in an excellent position to continue capturing the massive, growing market opportunity as companies expand and reskill their workforces. It’s a privilege to work with smart founders like Lefteris and his team, and we are looking forward to helping them advance their vision for Schoox.”
Kinetic Ventures and ITC Partners will remain investors in Schoox.
“This is a momentous time for Schoox, and we’re thrilled to continue supporting the company in its next phase of growth alongside a pedigreed technology investor like Vista,” said Campbell B. Lanier III, chairman of the board of Schoox and CEO of ITC Partners. “Since we made our initial investment in 2015, Schoox has changed the game when it comes to learning and development tools for employees from the office to the frontlines. We believe the company has plenty of runway to continue making it easier for employees and companies to succeed in a changing economy.”
“We are thrilled to be partners with Schoox and ITC and look forward to the value Vista will bring to the equation,” added Jake Tarr, managing director of Kinetic Ventures.
Shearman & Sterling LLP served as legal advisor to Schoox and Kirkland & Ellis LLP served as legal advisor to Vista. Financial details of the investment were not disclosed.