Odilo, a Madrid-based e-learning startup, has secured €60 million in funding led by Bregal Milestone to expand its platform and enhance its extensive educational offerings, targeting growth in North America and Africa.

Target Information

Odilo, a Madrid-based startup, offers a white-label e-learning platform designed for businesses and organizations to create personalized online learning experiences in a B2B2C model. Launched in 2012, Odilo has successfully raised €60 million ($64 million) in its latest funding round, led by the London-based investor Bregal Milestone. To date, Odilo has accumulated a total investment of less than $30 million.

Odilo differentiates itself by providing an extensive educational catalogue, featuring approximately 3.9 million items, with nearly 3 million books along with podcasts, complete courses, and other educational materials sourced from 6,300 publishers across 43 languages. The platform operates in a manner similar to “Netflix” for education, allowing users to access content on-demand without necessarily being aware of the Odilo brand. To date, the company has served about 8,500 clients in 52 countries, catering to around 170 million users, including notable organizations such as government bodies, libraries, MIT, Google, and Vodafone.

Industry Overview

The e-learning industry has experienced significant growth, estimated to be worth approximately $315 billion in 2021, with a projected compound annual growth rate (CAGR) of 20% over the next six years. This upward