# Skills Annex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skills-annex

- Industry: Education/Training
- Headquarters: Manhattan Beach, US
- Website: www.theskills.com
- Total disclosed funding: $4.9M
- Latest round: Seed (Oct 16, 2020)
- Investors on record: 6

## About

Skills Annex, Inc. is a workforce development company that specializes in innovative training solutions, offering comprehensive learning management systems to enhance employee skills and performance across various industries.Founded in 2019 and headquartered in Manhattan Beach, US, Skills Annex, Inc. focuses on creating effective training programs for organizations. Omer Atesmen, the CEO and founder, has a background in developing educational technologies. The company raised USD 4.94 mn in Seed funding on October 16, 2020, led by Will Ventures, and has secured a total amount of USD 4.94 mn through its funding rounds.The Skills offers a robust suite of products designed to enhance workforce training and development. Their core offerings include a comprehensive learning management system (LMS) that provides interactive training modules, skill assessments, and performance tracking tailored for various industries, including technology, healthcare, and finance. These products are designed to address the challenges of employee onboarding, upskilling, and compliance training, ensuring that organizations can effectively meet their workforce development needs. The Skills primarily serves a diverse clientele, including mid to large-sized enterprises across North America and Europe, looking to optimize their training processes.The revenue model of The Skills is primarily built around a subscription-based structure, allowing clients to access their learning management system and associated training modules on a recurring basis. Clients can choose from different subscription tiers based on the number of users and the specific features required, facilitating flexibility in scaling training solutions as organizational needs evolve. This tiered approach accommodates varying client needs and secures steady revenue streams for The Skills, particularly from flagship offerings that enhance enterprise learning capabilities.To support its growth initiatives, Skills Annex, Inc. plans to utilize the recent funding of USD 4.94 mn to develop new training modules and enhance existing features within their LMS. They are targeting expansion into new markets in North America and Europe by the end of 2023, aiming to reach more diverse industries. The company is poised to launch these new products and features in the coming year, leveraging the insights gained from existing clients to tailor their offerings to market demands.

## Funding rounds

- Seed, Oct 16, 2020, $4.9M — Maveron, Correlation Ventures, Global Founders Capital, 8VC, Hack VC, Will Ventures

## Investors

- Maveron (https://capitalatlas.ai/funds/maveron) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Will Ventures (https://capitalatlas.ai/funds/will-ventures) — Seed