If you’ve ever had to sit through company coaching movies while you really feel the urge to slowly exit each and every pore of your body, a new startup has some good news for you. Describing itself as “TikTok for workplace learning” 5 minutes Recently, a round of funding was raised to start a small study of The Office in a World of Attention Deficit. The firm offers simplification, social choice and “intelligent personalization”.
The platform claims it’s already got a huge database of 15,000+ bite-sized classes, which it says cover over 100 topics of content material spanning a variety of technical and soulful capabilities. Is.
The firm raised rounding $5.7 million at a $16 million pre-money valuation. The circular was led by AlbionVC along with Chelfen Ventures, Edenred Capital, Portfolio Ventures and Blue Lion Global. It says that, since going on the market in March 2022, it has garnered over 100,000 text views and has seen a 20-fold increase in its recurring revenue.
5Mins was based by Saurav Chopra – co-founder and CEO at Perkbox, previously the main worker engagement platform.
Chopra, Co-Founder and CEO, in an interview with TheLike said, “Our mission is to help companies create a culture of learning so that their people can unlock their true potential and we have come a long way in a short amount of time. ” “We are building the first global learning superapp that companies of all sizes can use to upskill everyone, improve employee retention, and drive innovation.”
The firm aims to participate in the topic for worker study and development, giving SMBs and mid-market corporations the best toolkit to unlock the potential of their groups. It aims to flatten the expertise development pipeline.
Chopra says, “While SMBs and mid-market companies will never have the talent development budget large corporates have, with 5 Minutes we offer them the most effective L&D tools to engage our employees and retain them for longer periods of time. provide.” “What was clear to me when scaling Perkbox and serving thousands of employers was that no. The first reason employees leave the company is a lack of growth and development, and this is especially true for Gen Z and Millennial employees. This was one of the top criteria for choosing a niche. Without the right growth tools at their disposal, SMBs and mid-market companies run the risk of being left behind in the talent battle.”
For the next 18 to 24 months, the company is focused on building out a more robust set of metrics to build its team, take the company to more countries and verticals, and see the platform’s effectiveness on business results.
“We would love 5 Minutes to be a daily learning partner for employees around the world who feel inspired and empowered by the growth and development in themselves as they use the platform. If we make it happen, So we believe we would have helped transform hundreds of thousands of companies and therefore society,” Chopra tells his long-term imaginative and presenter for Corporate. One of the top reasons we want employees to be able to choose companies is not only based on their Glassdoor scores, but based on the growth they can expect to experience.”
I was curious what the founders got from using their personal product.
“Like any time-crunched founder who has a million things to do, taking the time (before 5 minutes) to learn can mean spending hours on evenings and weekends and working together for our business, our teams and I. Research and learn from the best content relevant to the industry. Explore and share this content with the team, who don’t have time to look at it in its entirety,” says Chopra. Available in bite-sized formats with very high quality content on design that can be shared with our team instantly, 5 Minutes has become an integral part of the learning journey for the entire business, as well. We grow the business, that helps us grow.”