Employer Retention Platform Sharpist Raises $5 Million

By Dan Anderson ● February 19, 2020
  • Berlin-based company Sharpist announced it has raised $5 million in a seed round of funding

Berlin-based company Sharpist announced it has raised $5 million in a seed round of funding in order to continue developing its personalized learning platform for professionals, according to Tech.eu. This round of funding was led by Vorwerk Ventures and joined by btov Partners and APX. Sharpist had built its platform to help employers retain a workforce that demands constant professional growth and learning or otherwise grows restless and finds a new job.

Sharpist had built its platform to help employers retain a workforce that demands constant professional growth and learning or otherwise grows restless and finds a new job. And Sharpist converted 95% of its pilots into large-scale implementations, including enterprises like Allianz and Porsche. Sharpist saw 400% growth in its active user base in Q4 of 2019 alone.

“As the loyalty felt by top talent toward employers has eroded, the global war for talent has only continued to intensify in recent years,” said Fabian Niedballa, Co-Founder & MD at Sharpist. “In the past year, we’ve shown that our personalized learning platform is a proven and scalable remedy for increasing engagement among employees, and gives HR leaders the measurement capabilities they desperately need.

This funding round will be used for expanding beyond its current 30 markets. Vorwerk Ventures partner Holger Witte is joining the company’s board.

“Today’s workers expect their employer to offer meaningful contributions to their skillset, future professional prospects and sense of career balance. Sharpist is leading the way in facilitating measurable, personalized learning at scale to help top employers deliver on this expectation, and come out ahead,” stated Witte.