PwC Raise | Ventures advises OBRIZUM on their $11.5m Series A funding from Guinness Ventures

The PwC Raise Ventures team is pleased to announce that it has supported OBRIZUM in raising $11.5m in a successful Series A fundraise. The deal was led by Guiness Ventures, as well as receiving continued support from existing investors and new investor Celeres Ventures.

OBRIZUM’s platform tackles the corporate training market by providing a unique way of organising content resources meaning that companies can offer fast-paced learning opportunities, on any topic, which adjust in real-time based on proven understanding.

Its Artificial Intelligence automatically analyses and curates multimedia content into modules dramatically reducing manual effort for human operators. In addition to automating the build or updating of the learning programme, OBRIZUM individualises user journeys through content and assessments on-the-fly enabling ultra-efficient knowledge and skill transfer. OBRIZUM’s algorithms can both challenge users on concepts they are good at and strengthen them in topics they are less proficient in.

OBRIZUM will use the funds to empower large organisations to rapidly upskill and reskill staff through adaptive learning, saving businesses time, money and future-proofing their workforce.

The PwC Raise Ventures team advising on the deal was led by Cara Haffey, Rich Abrahams and Lizzie Lord.

OBRIZUM Co-founder and CEO Chibeza Agley, said:

“We are delighted to have worked with PwC Raise | Ventures on our Series A fundraise. Their experience of supporting businesses through the fundraise process shines through in all aspects, in particular when supporting us to articulate our equity story through the pitch deck and ensuring our financial model was at the required level for an institutional investor. Their investor network is vast and they helped us find the right investor for our business who we're excited about supporting us as we grow to the next level.”

Shane Gallwey, Head of Guinness Ventures, said:

“OBRIZUM’s adaptive learning technology not only cuts training times for large enterprises but ensures better learning outcomes. The return on investment for enterprises who use their technology is startling, and explains the take-up of OBRIZUM by household names here in Europe and the USA. At Guinness we recognise the OBRIZUM management team as insightful and driven, and with a strong commercial appreciation of what is required to build a world class business in the education technology field. We are delighted to support them on this journey.”

“We were delighted to advise such an exciting business and talented management team again for their Series A. Despite more challenging market conditions, OBRIZUM has secured investment from investors who understand the value of their technology and the scale of the opportunity. We’re excited to watch the progress of OBRIZUM as they build a category-defining business.”

Rich Abrahams,PwC Raise Ventures co-founder

About PwC Raise | Ventures

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