TicTac Interactive (‘TicTac’), a leading Nordic provider of Corporate E-learning solutions, has partnered with Bridgepoint Growth to further support TicTac’s expansion.
Headquartered in Malmo, Sweden, TicTac provides corporate e-learning solutions to 500+ Enterprise and mid-sized corporates in the Nordics across a range of end markets. Corporate e-learning is a highly attractive market, with double digit growth underpinned by several drivers including digitisation and increased demand from employees for more investment in L&D. The business is the leading provider in Sweden, using its deep expertise within e-learning, to provide their customers with a complete learning & development (L&D) solution which includes leading SaaS platforms (LMS, LXP) within learning, content tools and content creation services. Having developed a best-in-class approach to selling customers a complete corporate learning solution, the business is well-placed to continue to further scale its core offerings within Northern Europe.
Bridgepoint’s investment will help to support the company in this next phase of growth. TicTac has several organic initiatives it is pursuing including, growing the existing customer base, adding adjacent products and further penetration in recently entered markets (Norway, Finland). Similarly, TicTac will widen its geographic footprint e.g. through bolt-on acquisitions.
“After successfully expanding into Norway and Finland TicTac has reached the stage where it recognises the value of having a partner to support our continued growth plans. We are an ambitious company with a clear vision to become the leading Edtech business for corporates across Northern Europe, and Bridgepoint’s international presence and experience in supporting software businesses will help us to take TicTac to the next level“ said Carolina Faxe, CEO & Founder.
”TicTac continues to go from strength to strength and we are excited to join the management team on the next phase of the development of TicTac. They offer best in class corporate learning products and a highly customer centric offering which we look forward to building on, as we develop an even stronger tech offering and look to grow the company in new international markets.” said Ann Dahlman, Partner at Bridgepoint Growth responsible for its investment activities in the Nordic region.
Advisers involved in the transaction included: for Bridgepoint – White & Case (Legal), Strategy& (Commercial), KPMG (Financial & Tax) ; for TicTac – HDR (Corporate Finance) and Vinge (Legal).
The investment was made by Bridgepoint Growth I, a fund that makes growth capital investments, typically in businesses with significant UK or Nordic operations seeking equity investment between €5 million and €20 million.