Jolt raises $14 million in Series A funding
London-founded Jolt, the "co-learning" concept offering affordable alternatives to traditional MBA courses, has secured funding of $14.1 million in a round led by Balderton Capital.
The Series A fundraising push also secured investment from Hillsven Capital and Octopus Ventures.
Jolt has three locations in London - in Soho, Shoreditch and Liverpool Street - as well as seven in Israel, and is finalising its first US location in New York City. Jolt's campuses provide high-end, live video lessons and workshops run by global business leaders from the likes of Google, Netflix and Tesla.
It was founded in 2015 by Roei Deutsch, Nitzan Cohen-Arazi and Nadav Leshem - and since then has raised a reported $23.3 million.
Balderton Capital Partner James Wise said: “There is a rapidly increasing demand from both employees and employers for more adaptive forms of professional education. Jolt combines a powerful tech platform with a deep understanding of how people really learn to fulfil this demand, giving the learner complete control over when, what and with whom they study."