Product School raises $ 25 million in growth equity to evolve its product training platform
Traditional MBA programs can be expensive, time consuming, and often lack the application of real world skills. Meanwhile, the big brands and global companies that need product managers to grow their businesses can’t wait for people to graduate. And the EdTech space has not traditionally supported this sector.
Perhaps this is why Product School claims to have secured $ 25 million growth capital investment from Leeds Illuminate Growth Fund (subject to regulatory approval) to accelerate its product and partnerships with client companies.
Funding for the company’s growth has come post-seed since 2014, largely because Product Managers (PMs) are no longer limited to tech companies, but have become in demand in almost every industry.
Product School provides certificates for individuals as well as team training, and says it has seen and grown business since Covid turned so many businesses into digital businesses. It also now counts Google, Facebook, Netflix, Airbnb, PayPal, Uber and Amazon among its customers.
“Product managers have an outsized role in driving digital transformation and innovation across all industries,” said Susan Cates, Managing Partner of Leeds Illuminate. “Having built the largest PM community in the world validates Product School’s certification as the industry standard for the marketplace and positions the company at the forefront of developing top-notch talent. for global organizations. “
Carlos Gonzalez de Villaumbrosia, CEO and Founder of Product School, which started the business after leaving Spain, said: “There has never been a better time in history to create digital products and Product School is excited to unleash value for the Globe Teams to help define the future. Our company was founded on the premise that traditional degrees and MBA programs simply don’t equip PMs with the concrete skills they need in the job.
The Product School has also produced The Product Book, The Proddy Awards and ProductCon.
Its main competitor is the MindTheProduct community and training platform, which has also grown.