Isai and 3T Capital invest €1.2m in 360Learning

Ellie Pullen
02 October 2013

Tweet
Facebook
LinkedIn
Google plus
Send to

French VCs Isai and 3T Capital have injected €1.2m into 360Learning, a Paris-based e-learning platform.

The capital injection is earmarked for the development of 360Learning's massive online open courses (MooC) platform. The company will use the fresh funding to finance the commercialisation of its product and expand its user base.

The deal marks the 10th investment completed by Isai, according to the firm.

Company
Founded in 2010, 360Learning is based in Paris. The company provides a cloud-based e-learning platform for businesses that want to create and manage e-training courses for their employees.

People
360Learning was founded by company president Nicolas Hernandez, sales director Guillaume Alary-Raisonnier and technical director Sébastien Mignot. Jean-David Chamboredon is the president of Isai, while Daniel Caclin is a managing partner at 3T. Both worked on the deal for their respective firms and will take up a seat on 360Learning's board of directors.

In conjunction with the funding round, 360Learning has made several other additions to its board of directors. Alongside the company's founders, as well as Chamboredon and Caclin, the board now comprises Simplay founder Jérome Traisnel; Axiatel founder Sacha Doliner; and Asian Inspection founder Sébastien Breteau.

Advisers
Equity – 2C Finance, Frank Chuffart (Corporate finance); Gide Loyrette Nouel, Pierre Karpik, Louis Oudot de Dainville (Legal).
Company – Morgan Lewis, Olivier Edwards, Hélène Thomelin (Legal).