Since 2013, Proversity is working to bridge the skills gap between universities and organisation, who are requiring a different kind of skills set from graduates than just a few years ago. On Friday 4th December, Proversity closes a US$1,5 million investment round from the international technology venture capital company RSBC.
This investment symbolises the culmination of a year of hard work by the Proversity team who has won projects with a variety of clients in the UK, ranging from known banks and engineering firms over to public sector and social organisations.
“The Deputy High Commissioner of South Africa has been kind enough to host the official signing and gives us an opportunity to thank the edX Team at Harvard & MIT, Wayra Unltd and Google Campus. A special thanks is also going out to the Duke of York for his support through the Pitch at the Palace initiative,” says Carl Dawson, CEO of Proversity.
“Every one of these organisations has been tireless in promoting open education and UK technology companies through time, effort and investment – creating an environment to support and build great technology that is changing lives around the world,” he adds.
“The funds will be used to take the company to the next level by focusing on key recruits in the sales, digital production and technology teams as well as underpinning the global reach of the platform.” says Chris Kottnauer, Partner of RSBC Private Equity Group.
This investment has also enabled the growth of software engineering and content production in a new state of the art facility in Cape Town, South Africa. The main reason of this change is because this is a country with a growing business and opportunities for technological innovations, along with a developed startup ecosystem.
RSBC plans to be actively involved in the support and development of the business and plans to hold its investment over a long-term horizon. Robert Schönfeld, the CEO of RSBC, will be joining the Board of Directors.