
THRIVE LXP
All-in-one learning, communication, and skills development platform.
USD | 2020 | 2021 | 2022 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | (65 %) | 380 % |
EBITDA | 0000 | 0000 | 0000 |
% EBITDA margin | - | (175 %) | (98 %) |
Profit | 0000 | 0000 | 0000 |
% profit margin | - | (218 %) | (116 %) |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates, Company filings or news article
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THRIVE offers a comprehensive learning and skills platform that integrates the functionalities of a Learning Management System (LMS) with the social and personalized features of a Learning Experience Platform (LXP). The company was founded in 2018 by Sean Reddington, who utilized his experience in the learning technology sector to create a more engaging, user-centric solution. Reddington's vision was to develop an "Instagram-inspired" platform that combines learning with internal communications, skills management, and collaborative knowledge sharing. The business began trading in 2019 and experienced significant growth, particularly during the shift to remote work.
The platform is designed for a corporate client base, ranging from fast-growing small and medium-sized enterprises to large global brands, serving forward-thinking Learning and Development (L&D) teams. Its business model is based on replacing traditional, often cumbersome, LMSs with its all-in-one solution. Key features include personalized learning paths, AI-powered recommendations, user-generated content, social learning, gamification through points and leaderboards, and detailed analytics. In 2022, THRIVE enhanced its offering by launching a built-in skills solution, allowing organizations to transparently manage, track, and develop employee skills in an agile framework. This enables clients to identify skill gaps and connect employees with the necessary learning resources to address them.
Headquartered in Nottingham, UK, the company has expanded its presence globally, with teams and clients in the US, Canada, and Australia. THRIVE serves over 320 global brands, including notable names like Vodafone, Sky, British Airways, Coca-Cola, Matalan, and Volvo. The company also champions diversity and community-building within the L&D sector, notably through its Chief Learning Officer Helen Marshall's creation of the "WomenIn" community, a support network for women in L&D and HR.
Keywords: learning and skills platform, LXP, LMS, corporate learning, employee upskilling, social learning, knowledge sharing, skills management, personalized learning, user-generated content, compliance management, learning analytics, internal communications, employee engagement, gamification, talent development, corporate training, agile skills framework, learning technology, Sean Reddington
Tech stack
Investments by THRIVE LXP
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