# Academy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/academy-2

- Industry: Education/Training
- Headquarters: Manchester, UK
- Website: www.academy.tech
- Total disclosed funding: $7.9M
- Latest round: Seed (Dec 17, 2021)
- Investors on record: 2

## About

Academy is a technology-focused workforce transformation company that aims to address the skills gap in the tech sector through comprehensive training programs and AI-powered talent assessments.Founded in 2020 in Manchester, UK, Academy specializes in workforce training with a focus on technology. The company was co-founded by Abigail Phillips and Ashley Ramrachia, who also serves as CEO. In December 2021, Academy raised EUR 3.5 mn in a Seed round led by LocalGlobe, with participation from Emerge Education and individual investors, bringing the total amount raised to EUR 3.5 mn. The company has completed 2 deals as of its most recent funding round.Academy offers a comprehensive suite of workforce transformation solutions designed to bridge the skills gap in technology sectors, particularly in the age of artificial intelligence. Their core product is an inclusive training program that focuses on identifying and developing high-potential talent through AI-powered assessments. This training emphasizes both technical and soft skills critical for navigating modern tech environments and is tailored to meet the specific needs of partnering organizations. The company serves a diverse client base, including FTSE 100 companies and tech firms in various geographical markets, including the UK, Spain, and Poland. These programs aim to empower underrepresented demographics within the workforce, with a focus on producing graduates who are 60% female and 60% from minority ethnic backgrounds.Academy generates revenue primarily through partnerships with businesses seeking to enhance their workforce capabilities. The transaction structure typically involves service agreements where clients engage Academy to provide tailored training programs and comprehensive support services for their employees. These partnerships may include subscription-based models for ongoing training and development, as well as direct contracts for specific projects and training initiatives. The revenue model is designed to ensure that clients receive qualitative returns on their investments, with measurable improvements in employee performance and retention rates. Specific pricing plans and the detailed financial arrangements regarding these services are determined during the negotiation phase with clients, reflecting the customized nature of offerings and the strategic objectives of both parties involved.In December 2021, Academy raised EUR 3.5 mn in a Seed round led by LocalGlobe to build a talent and leadership infrastructure for the tech industry. The company plans to design and launch new training products aimed at further bridging the technology skills gap. Additionally, Academy aims to expand its services into new markets in Europe, targeting regions such as Germany and France by the end of 2023. The funding will be utilized to enhance their training capabilities and support their expansion efforts.

## Funding rounds

- Seed, Dec 17, 2021, $4M — LocalGlobe, Emerge Education
- Seed, Apr 9, 2021, $4M — LocalGlobe, Emerge Education

## Investors

- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Emerge Education (https://capitalatlas.ai/funds/emerge-education) — Seed