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Business upskilling platform raises $30 million

Section4, the leading platform in business upskilling, announced a $30 million Series A, led by General Catalyst, with participation from Learn Capital and GSV Ventures. Total funding to date is now $37 million, including previous investments by Jeff Bewkes and Tim Armstrong, former CEOs of Time Warner and AOL, respectively. 

Business upskilling platform raises $30 million

Larry Bohn and Paul Sagan will join the board of Section4 representing General Catalyst along with independent director Katherine Dillon. The deal closed as Section4 announced the expansion of its faculty with professors from NYU Stern, Kellogg, Stanford University, and Berkeley Haas. Section4’s financing will accelerate the expansion of Section4’s curriculum for the firm’s 10,000+ alumni and the development of its enterprise platform.

The business skills needed to win in the new economy are rapidly changing, and most firms are suffering from widening business skill gaps inside their organizations. In February 2020, McKinsey released a study on How Companies are Reskilling to Address Talent Gaps. The research findings detailed that nearly nine in ten executives and managers say their organizations either face skill gaps already or expect gaps to develop within the next five years.

The Section4 platform was created to offer millions, vs. thousands, of aspiring professionals the opportunity to learn from the world’s premier business school instructors at a fraction of the cost and friction of the traditional MBA. There are hundreds of thousands of firms looking for a platform to upskill their workforce, and Section4 aims to fill that void with coursework and instruction that offers unprecedented value and accessibility.

Section4’s courses are delivered as “sprints”: intensive, immediately applicable online courses that combine synchronous lectures and community with pre-recorded video lessons and case studies. Sprints are organized into “stacks”: a comprehensive collection of courses by functional topic. Section4’s first three stacks are for leaders in Strategy, Marketing and Product Management. Section4 faculty are premier instructors in graduate business education, and many have been recognized as the “Best Instructor” at their respective institutions.
Business upskilling platform raises $30 million Reviewed by Editor on March 17, 2021 Rating: 5
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