The Reconstruction | April 22, 2021

ExecOnline raises $45 million to diversify corporate leadership

Dennis Price
ImpactAlpha Editor

Dennis Price

ImpactAlpha, Apr. 22 – Less than 1% of Fortune 500 CEOs are Black. Less than 10% are women. ExecOnline partners with business schools to offer leadership development to senior and middle managers at more 500 global organizations.

As such leaders emerge, “You move to a world where you’ll see more women and more underrepresented minorities advance in the organization,” ExecOnline’s Stephen Bailey told The Plug. The company says more than 90% of participants complete its online training.

Leadership development education “equates to a multi-billion dollar opportunity,” said Saar Pikar of OMERS Growth Equity, who led the round and joined the ExecOnline board. Kaplan, ABS Capital Partners, NewSpring, and Osage Venture Partners also participated.