Skillcycle
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| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | - | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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SkillCycle, established in 2019 by co-founders Kristy McCann and Mark Rieger, operates within the human capital development sector, offering a platform designed to reshape how organizations approach employee growth and performance management. The company's inception was driven by McCann's extensive background in human resources, where she identified a disconnect between traditional HR practices and the actual needs of employees for career fulfillment and skill enhancement. This experience directly informed the creation of a people-first platform aimed at aligning individual employee aspirations with broader organizational objectives.
The core of SkillCycle's business is a software-as-a-service (SaaS) platform that provides a suite of tools for learning, development, and performance tracking. The business model is primarily B2B, targeting enterprises of various sizes, including Fortune 500 companies, by selling subscriptions to its platform. This platform facilitates a continuous feedback loop and integrates personalized development plans with access to certified professional coaches. The service allows employees to take an active role in their professional journey through features like goal setting, skill gap analysis, and access to a marketplace of coaches specializing in areas such as leadership and career transitions.
SkillCycle's product centralizes employee development by combining upskilling, reskilling, and performance management into a unified experience. Its platform aims to provide tangible returns on investment by fostering workforce agility and improving employee retention and engagement. By providing data-driven insights into team performance and skill progression, the system equips managers and HR leaders with the tools to cultivate talent from within. This approach seeks to move beyond conventional, often infrequent, performance reviews to a more dynamic and human-centric model of continuous development.
Keywords: human capital development, employee upskilling, performance management, certified coaching, SaaS, HR technology, employee engagement, talent development, workforce agility, learning platform