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Funding News: Schoox Receives Vista Equity Investment

International Accelerator portfolio company, Schoox, recently raised money from private equity company, Vista Equity.


International Accelerator portfolio company, Schoox, recently raised money from private equity company, Vista Equity.


Schoox is a learning management system transforming learning into business growth with a wide range of activities to promote talent development.

Vista Equity is a market-leading investment firm with more than $75 billion in AUM and over 20 years of investing in enterprise software. Former and current investors include Kinetic Ventures, ITC Partners, and the International Accelerator, amongst others.


The cofounder and CEO of Schoox, Lefteris Ntouanoglou is from Greece, and started working with the IA to bring his startup to Austin, Texas in 2013.

“The International Accelerator helped us better understand the US market which was essential when we started building our business in the strongest but also the most competitive market in the world,” said Ntouanoglou in a previous statement. “Without their support, we would have not achieved as much as we did in such a short time. It all started with them.”


“Lefteris is one of the most hardworking, intelligent, and decisive CEOs I have had the pleasure of knowing,” said Angelous Angelou, CEO and founder of the International Accelerator. “We are also proud that they have created significant value for our investors, with Schoox and Restream now given ‘mini-corn’ status. Picktime and Beereaders soon may follow in their footsteps.”


Currently, Schoox boasts 1,500+ customers who bring more than 13M users across 120 countries. This new funding supports the growth of the team to over 100 employees. Schoox also plans on expanding the product offerings in order to bolster its place as a top technology solution necessary for today’s world.


"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,'“ said Ntouanoglou, in the original funding announcement. “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."


Other news, Schoox received an award for '“Best Innovative or Emerging Tech Solution” from Lighthouse Research & Advisory. Schoox’s mission is to help companies and their employees learn more, connect deeper, adapt faster, and perform better by combining six powerful modules into one unified, cloud-based, and mobile-optimized platform experience.


Schoox

Schoox is a uniquely agile learning and talent development platform for workers in the office, on the frontlines, and everywhere in between. Businesses of all sizes and across industries including restaurants, retail, hospitality, construction, real estate, manufacturing, finance and transportation shift from traditional, compliance-based training to an approach that unlocks and accelerates employee potential as well as business growth.


International Accelerator

International Accelerator selects exceptional foreign-born founders and minority entrepreneurs to help launch and scale their startups in the United States. We provide additional access to seed funding, connect quality mentors and advisors, and offer services needed to startup in a new market.

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