Spanish EdTech Genially Raises $20M In Series B To Make Interactive Content A Global Standard

Spanish EdTech Startup Genially Raises $20M in Series B Funding to Make Interactive Content a Global Standard

Genially, a Spain-based interactive content creation platform has raised $20 million as a part of its Series B funding round led by the US venture capital firms 645 Ventures and Owl Ventures.

The funding round was also joined by the European venture capitalists DN Capital and Brighteye Ventures and successful entrepreneurs like s16VC and Kahoot founders.

Previous backers JME Ventures, GP Bullhound, FJLab, Market One Capital and Athos Capital are investing in the startup again, reaffirming their commitment to the company.

This capital injection advances Genially's place as a leader in interactive content. Its priorities include the growth and loyalty of its community along with the constant evolution of its product.

Genially is an all-in-one online tool for creative, interactive and animated presentations, interactive images, infographics, and more. The platform offers templates for making web content and integration with Whatsapp and social media platforms for sharing and content performance tracking in real-time.

Founded in 2015 by entrepreneur Juan Rubio, Genially has grown exponentially, both in terms of revenue and the number of registered users. The company has over 10 million creators, and its "geniallys" have billions of views. Its community is present in over 190 countries and boasts especially heavy use in countries such as France, Spain, Mexico, and Colombia, and rapid growth in 2021 in countries such as the United States, Brazil, and Italy.

Commenting on the funding, Co-founder and CEO of Genially, Juan Rubio said,

"Genially is ready for the next stage of growth. Making Genially a global and iconic company has always been part of our vision; we want to create a new standard in communication with interactive content at its core. We believe that this round is an important step towards realizing this vision, not so much for the capital received but rather because of the value offered by our new partners."

Large corporations and educational institutions such as the Red Cross, Volkswagen, University of Colombia, Michelin and Louis Vuitton (LVMH), as well as millions of educators, students, graphic designers and startups from Genially's community.

645 Ventures, headquartered in New York, has ample experience in software as a service (SaaS), infrastructure and consumer technology. Aaron Holiday, Co-founder & Managing Partner said, "While we were first impressed by the rapid growth of millions of users of Genially's software, we were most impressed by the founders' purity of motivation to build creative software that users love to use at home, work, and school. The team is also building an outstanding culture where team members are happy and motivated by the company's goal to create a new standard in content creation."

Genially has offices in Cordoba, Madrid, Malaga and New York. It aims to accelerate the company's goal to set a global standard in content creation.

Amit A. Patel, Managing Director, Owl Ventures also added,

"We were impressed by the diversity of Genially's user base. The product's popularity among designers, marketing personnel, teachers, and college students was unique. The multinational corporations, universities, and governments Genially count as customers make it clear that Genially is a communication tool flexible enough to be used in any department within any organization."

Last year in February, it raised $5 million in its funding round led by JME Ventures, GP Bullhound, Market One Capital, Athos Capital Fund, FJ Labs. So far, the company has raised a total of $26.3 million in funding round.   

About the Author
Author: Shalini Pathak
Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.

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