OMERS Growth Equity Bets on Online Executive Education Systems
Posted on 04/22/2021
ExecOnline, Inc. is a New York-based provider of executive education courses. ExecOnline raised US$ 45 million in Series D funding. OMERS Growth Equity led, and was joined by insiders Kaplan, ABS Capital Partners, NewSpring, and Osage Venture Partners. As a result of the transaction, Saar Pikar, Managing Director with OMERS Growth Equity, will join the ExecOnline board of directors.
Stephen Bailey is the Founder and CEO of ExecOnline. Prior to ExecOnline, Bailey served as the CEO of Frontier Strategy Group LLC (FSG), a software and information services business serving Fortune 500 executives who have responsibility for international markets.
According to the press release, “ExecOnline partners with elite business schools like Berkeley Haas, Columbia, Stanford GSB, and Wharton, and leverages its unique applied learning approach and proprietary online platform to deliver participant completion rates above 90%, impressive NPS scores, and strong ROI for the enterprise. The funding will be used to accelerate growth by investing in sales and marketing, expanding the company’s content Experience Library, and enhancing its technology platform.”