# Electives

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/electives

- Industry: Education/Training
- Headquarters: Charlestown, US
- Website: www.electives.io
- Total disclosed funding: $11M
- Latest round: Series A (Mar 25, 2022)
- Investors on record: 4

## About

Electives, Inc. is a learning platform that enhances employee development through live experiences and AI simulations. It caters to various industries by providing effective training solutions tailored to organizational needs.Electives, Inc. was founded in 2020 in Charlestown, US, providing innovative training solutions for employee development. The company has undergone strategic pivots to focus on enhancing learning experiences. It was founded by Jason Lavender and Krikor Dzeronian, both of whom have extensive backgrounds in the education and technology sectors. The company has raised a total of USD 8.30 mn through two funding rounds, with the latest being a Series A round in March 2022, led by G20 Ventures, along with participation from Accomplice and Boston Seed Capital. This funding has positioned the company with a current valuation of USD 35.23 mn.Electives primarily offers a comprehensive learning platform designed to facilitate the creation, execution, and measurement of effective training programs. Their core product enables companies to easily access a diverse catalog of live learning experiences and on-demand AI simulations. The platform is tailored for employees across various industries, enhancing their skills and engagement through interactive sessions conducted by expert facilitators. Electives aims to address critical training needs such as leadership development, communication skills, and AI readiness, thereby serving a wide array of clients in markets including North America, Europe, and Asia. The customer base consists of organizations that prioritize employee development and seek to enhance their learning and development (L&D) strategies.Electives generates revenue through subscription-based models, where clients pay to access their training services and resources. This structure allows businesses to implement tailored training programs that align with their specific needs and goals. The transactions typically involve partnerships with companies looking to enhance their employee training capabilities, ensuring a seamless integration of learning solutions into their existing frameworks. Pricing plans vary based on the scope of services selected, fostering flexibility for clients of different sizes and industries. Electives has established itself in the corporate training sector by delivering flagship offerings such as manager training series and AI innovation courses, which contribute significantly to its revenue model.In March 2022, Electives, Inc. raised USD 8.30 mn in Series A funding led by G20 Ventures, with participation from Accomplice and Boston Seed Capital. The company will use the funding to expand its business and scope. Future growth strategies include launching new products aimed at enhancing training capabilities and expanding into additional markets, including Europe and Asia, by 2023.

## Funding rounds

- Series A, Mar 25, 2022, $8.3M — Boston Seed Capital, G20 Ventures, Accomplice
- Seed, Oct 13, 2021, $2.3M — Bertelsmann AG, Boston Seed Capital, Accomplice

## Investors

- Bertelsmann AG — Seed
- Boston Seed Capital (https://capitalatlas.ai/funds/boston-seed-capital) — Seed, Series A
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed, Series A
- G20 Ventures (https://capitalatlas.ai/funds/g20-ventures) — Series A