There is a huge global market for corporate learning which is estimated to be $370 billion today. Every year, employers all around the world spend a sizable portion of their budget on learning solutions in the hopes of improving the skills and work performance of their employees, and at the same time engage and retain them.
Despite the amount of money spent on this, there is still a large skills gap that continues to exist within the workforce globally, particularly on important soft skills. A study done by the World Economic Forum reported that employee engagement in the current employer-provided learning courses is low, with less than half of employees taking up the employer-supported reskilling and upskilling opportunities. This leaves the majority of the workforce unequipped to overcome evolving business challenges and reach new milestones in their careers.
The problem lies in irrelevant learning materials being delivered in an outdated manner. While the way we work has evolved with digitization, the corporate learning experience is lagging a few years behind. The methods of the old days such as in-house enterprise LMS solutions and the 3rd party instructor-led solutions with rigid curriculums and formal interfaces are still prominent today. The flaw with these methods is they offer generic one-size-fits-none materials that are created by sources who may not experience the day-to-day challenges a real world practitioner would face, delivered in a method that’s no longer relevant to today’s mobile-first generation.
This is where Tigerhall comes in. Tigerhall enables employers to drive mindset shifts at scale by giving employees access to the brightest minds in business through an on-demand social learning platform, built with today’s consumer behaviors in mind. Tigerhall offers a growth platform with relevant content in bite-sized format (power reads, podcasts, micro-mentorship, live webinars) packaged in a personalized trail for employees in a mobile app, with a web dashboard providing visibility for employers to track and manage their employees’ progress. Since launching in 2019, Tigerhall has onboarded over 800+ Thinkfluencers who have contributed 1300+ content pieces to Tigerhall’s library. Users love Tigerhall, and the engagement speaks for itself. Tigerhall boasts an impressive 86% average MAU rate, with users spending an average of 43 minutes per week on the app - that’s 13 times more than other learning platforms.
Having spent years in corporate recruitment, Nellie understands the importance of employees having the relevant skills and knowledge to navigate the workplace, and the best way to activate that. In Nellie’s words: “We believe talent development is most effective when you allow individuals to learn from people they aspire to be, through thought-provoking micro-experiences that fit seamlessly into their daily lives.”
We’ve known Nellie for several years and witnessed how Tigerhall has grown significantly (10x ARR y-o-y). This is partly attributed to Nellie and the team’s agility and thoughtfulness in navigating the business. Nellie and team are also developing strategies for the future of Tigerhall by unlocking more languages and building more robust content production tools for Thinkfluencers. The company will also ramp up their US expansion following this round. Ultimately, Tigerhall hopes to enable users from all around the world to have access to actionable insights from real world leaders at their fingertips.
We are thrilled to embark on this mission with Tigerhall to democratize training and development through social learning. With our investment in Tigerhall, we are also adding another solution to our existing investment portfolio in the education sector. Together with ELSA in English language pronunciation, ErudiFi in education financing, and CoderSchool in technical training, we hope to impact millions of lives as we continue to transform the modern education landscape across the region and globally.
To read the press release for this investment, click here.