Bucharest, December 16th, 2021
Catalyst Romania Fund II, one of the most important venture capital funds in the region, joins Code of Talent in its internationalization efforts and confirms again its position as a key enabler of the Romanian technology startup ecosystem.
The Catalyst investment supports the launch of the new generation Code of Talent platform, incorporating advanced artificial intelligence and machine learning technologies.
„From the first contact with the Company we were impressed by the strong understanding of the Learning & Development segment and the motivation of the founders, as well as by the complexity of the platform, with gamification and collaborative learning facilities already successfully implemented by corporations or training companies in Romania and many other countries. We are convinced that, supported by the Catalyst Romania Fund II investment, Code of Talent will accelerate its international expansion and become one of the leading micro-learning technology platforms in Europe “, says Alin Stanciu, Catalyst Romania Partner.
Code of Talent is a solution dedicated to employee training, where any type of content e.g., course materials, textbooks, procedures, etc. as well as business programs e.g., sales campaigns, employee programs, product launches, etc. can be turned into learning paths and application paths based on micro-tasks, or microlearning. These micro-tasks, which can be solved from the desktop or from the mobile phone, in about 3 to 7 minutes, are thus integrated in the daily participant lifes, helping them to learn effortlessly, and in a shorter timeframe.
The concept of microlearning is based on ample scientific evidence showing that people assimilate information easier and better if delivered in small chunks and if they receive swift feedback from the trainer or manager. Even better results are obtained if they exchange ideas and experiences within a community. As such, microlearning is best suited for clearly defined business processes combining the need for learning or knowledge transfer with the need for applying it in practice.
Code of Talent vision: transforming the way training adapts to the new work reality and accelerating global expansion in 2022.
“This Series A investment round is of strategic importance for accelerating the global expansion of Code of Talent. That is why we are happy to have Catalyst Romania as a partner for the added value we are counting on, given the experience and competence of their team. In 2022, we aim to expand our presence in key markets, increase the number of strategic partnerships and add new clients to the Code of Talent portfolio, along with major existing clients such as Coca-Cola Japan, Bosch, Porsche, National Bank of Greece, BAT, Banca Transilvania, OTP Bank, Door Traning International and many others. “ said Vlad Grigoriu, co-Founder and CEO, Code of Talent.
Continuous innovation supported by fast growth rate
Starting with Q1 2022, in full synergy with the latest trends in the learning & development market, Code of Talent will start integrating new technologies in the microlearning platform to help users – trainers, human resources managers, L&D specialists – to generate automated learning paths based on client content alone. At the same time, machine learning modules will be implemented to maximize learners’ training programs experience and efficiency. In retrospect, the year 2021 was marked by a continuous increase in the number of users, reaching already 100,000, as well as international expansion, the platform being available today in no less than 18 languages.
Code of Talent is internationally recognized and has won numerous awards, such as: TOP LMS for Microlearning of the eLearning Industry or Top LXP – Learning Experience Platforms – to follow in 2021, by the Training Industry.
About Code of Talent
Code of Talent is a digital microlearning platform helping companies and trainers to turn “knowing” into “doing” through gamification, social learning and constant feedback, increasing the involvement of participants and leading to a course completion rate of up to 10 times higher vs. conventional e-learning platforms. By focusing on the development of practical behaviors, Code of Talent connects employee training with business processes in real-time, generating measurable results for organizations. The Code of Talent platform is available in more than 18 languages, with customers on 4 continents. For more information, please visit www.codeoftalent.com.
About Catalyst Romania
Catalyst Romania is a leading venture capital investor in Romanian technology companies having the potential to become regional leaders or global challengers, currently investing from its second generation fund, Catalyst Romania Fund II, after also raising and succesfully investing in the past the first Romanian tech venture fund backed by the JEREMIE Romania initiative, starting from 2012. The team, comprising of Marius Ghenea, Alin Stanciu, Jozsef Köver, Alina Georgescu and Antonela Dragomir, will continue to primarily target investments in high growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Catalyst Romania is also supported by 3TS Capital Partners, which serves as an extension of the Catalyst team and provides international expansion support for portfolio companies in Europe and the US. For further information, please visit www.catalystromania.ro.
The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s micro and small and medium-sized enterprises through access to finance. The EIF develops venture capital and growth instruments, guarantees and microfinance instruments, which specifically target this market segment. Through its role, the EIF promotes EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.
About InnovFin Equity Programme
The InnovFin Equity programme – managed by the EIF – is part of “InnovFin – EU Finance for Innovators”, an initiative launched by the European Commission (EC) and the EIB Group in the framework of Horizon 2020. InnovFin Equity provides equity investments and co-investments to or alongside investment funds, focusing on companies in their early stages of development, operating in innovative sectors covered by Horizon 2020. The aim is to develop an extensive portfolio of funds, mobilizing EUR 4-5bn of investments in businesses established or active in the EU and Horizon 2020 Associated Countries.
About Jeremie Romania
JEREMIE Romania is a set of financial instruments initially financed from Romania’s structural funds for the 2007-2013 programming period. At the end of the programming period, under a new agreement signed in September 2020, the EIF continues to manage, for and on behalf of the Government of Romania, funds that were reimbursed from the initial implementation, called JEREMIE Reflows.
Growth Marketing Manager, Code of Talent
+40 748 021 222