Tigerhall, a Singapore-based mobile software as a service (SaaS) platform for social learning, announced Thursday it has raised $7 million funding led by Monk’s Hill Ventures.
Other investors participating in the round include Vulpes Investment Management, XA Network and Taurus Ventures. Tigerhall previously raised $ 3.1 million from investors such as Sequoia Capital’s Surge.
Tigerhall said in a statement, the funding will be used to expand its footprint into the United States and Asia Pacific (APAC) markets to continue expanding its enterprise client base.
The funding will also be used to launch a micro-podcast studio for business leaders to create short, templated podcasts on their own and new features for users to book 15-minute micro-mentorship sessions with “Thinkfluencers” or thought leaders on its platform.
It will also be used to strengthen upskilling personalization following an assessment of an individual’s strengths and motivations, aligning with the overall team goals and career development plan, and tracking the impact.
Tigerhall will also use the funding to provide manager specific tools to understand each individual’s development needs and create actionability towards development goals.
“Tigerhall bridges the gap between knowing technical theory and what real people are doing successfully in the real world. Having investors like Monk’s Hill Ventures on our team gives us further encouragement that we can fulfill our vision of providing every person, regardless of their background or circumstances, with personalized, actionable insights to hit and surpass their goals,” said Nellie Wartoft, Chief Executive Officer of Tigerhall.
According to the statement, to date, Tigerhall has seen 13 times higher engagement compared to other learning platforms used by enterprises.
“Over $370 billion is invested in upskilling and talent development annually but less than 10 percent of employees actively engage with these programs and platforms. Nellie and the Tigerhall team are defining a new category for upskilling through social learning in a micro-attention era. Their product offers engaging content in formats that fit into a user’s life and has already shown to deliver best-in-class engagement. We believe that the Tigerhall team is well positioned to be an edutech leader globally,” said Michele Daoud, Partner of Monk’s Hill Ventures.
Tigerhall is the mobile SaaS platform for social learning challenging desktop-first, video-based, outdated corporate development programs for the masses. It gives professionals direct access to over 800+ global industry experts through personalized, bite-sized content that caters to rapidly changing upskilling needs.
Since its launch in March 2019, it has expanded its reach to professionals across 32 countries with enterprise customers in tech, financial services, and consumer goods including HP, New Relic, BNY Mellon, and others. The social learning platform has grown revenue by 10 times in the last 12 months.
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