5Mins AI, the gamified learning platform reinventing employee upskilling, has raised $5.7M in a seed round led by AlbionVC.
AlbionVC has been joined by Chalfen Ventures, Portfolio Ventures, Blue Lion Global and Edenred Capital Partners – the venture arm of the global employee benefits leader, Edenred along with a number of notable angel investors.
5Mins aims to solve the number one cause of employee churn in the last decade – poor growth and development opportunities. HR teams list L&D as one of their most difficult and time-consuming challenges, due to very low engagement from employees. Online corporate learning course completion rates are between 5 to 20%, whilst monthly engagement rates are less than 10% for traditional workplace learning platforms. By removing key friction points, 5Mins has an average course completion rate of 85% and monthly engagement rate of over 50%. In businesses where employees are allocated individual learning budgets, less … Read more