Henq invests $1m in Studytube

The capital injection came in conjunction with Studytube launching its "Netflix for company training" service, which is an online learning platform for training courses.

According to Henq, the corporate e-learning industry is set to grow at an annual rate of 20% until 2017.

Previous funding
In February 2013, Henq provided Studytube with €500,000 in seed funding. At the time, the company offered services for students of economics and law but planned to use the capital to expand its product offering into new areas.

Company
Founded in 2010 and headquartered in Amsterdam, Studytube has developed an online platform that provides educational content for university students and business employees.

The platform is designed to provide a personalised service by identifying topics that a user struggles with when they are completing practice exams on Studytube and providing more content on that subject. The platform tracks a user's progress to adjust the content it makes available accordingly.

Studytube claims to have more than 15,000 active users. It employs 20 staff.

People
CEO Homam Karimi and CPO Gerhard Riphagen founded Studytube. Herman Hintzen is a managing partner at Henq. He sits on Studytube's board of directors alongside Redcrest director Stephen Edkins.

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• Topics
• Benelux
• Expansion
• Consumer
• Netherlands