Why we invested in Nolej

We just led Nolej’s 3m€ round because we are convinced that vertical products leveraging Generative AI technologies can solve concrete, day to day challenges for teachers and Learning & Development professionals. For Nolej users today, that means making impactful educational content and saving hours every week.

We are proud to back Nolej’s vision of improving educational outcomes by using AI to design courses, create content, share it and make their training more interactive in the classroom.

Education systems and teachers are struggling

Teachers around the world face many challenges : inattentive students, large classes, long hours, difficult working conditions, etc… leading to teacher shortages in many places. Under these constraints, they do their best to deliver impactful learning as they educate the next generation. But a lot of their content and tools fall short. According to eLearning Guild, 75% of standardized course content do not fit student’s needs.

AI to the rescue ?

AI has a huge potential for Education. This year, we have met many entrepreneurs experimenting with the technology. But beyond exploration, our focus has been on identifying AI start-ups that solve a critical problem for their users. Nolej is one of those. Having started 2 years ago, its product already delivers a full end to end experience.

Nolej helps teachers and L&D professionals build engaging content quickly

Their first product, Nolej AI, allows users to transform any static content (text, audio, video) into interactive learning modules. It uses multiple AI models to identify key concepts, find definitions, create flashcards and quizzes in many formats. It then allows users to review and modify the content and integrate it in a packaged and exportable learning module. It usually takes authors hours or days to build a short training module, and costs up to $10,000 per hour of content for companies. With Nolej, they can do it in less than 10 minutes (try it !). Over 50k teachers have used Nolej so far. Feedback from clients and users has been consistently exceptional. As Nolej has integrated its expertise in learning into the product, experts say the educational quality is close to an author’s work.

The impact for users is two-fold :

- Interactive content is more engaging for learners, with completion rates 85% higher and memory retention increased by 70%. Hundreds of independent study confirm its impact on learning

- It saves a lot of time

Integrations with market tools including Moodle, Canvas, Google Classroom, Microsoft teams enable Nolej to fit into teachers’ tech stacks and day to day habits.

Buyers are convinced as well

Nolej has released the first public version of their product in July this year. Since then, they have onboarded top universities in Europe and overseas including IMD or Académie Nancy-Metz. They have also signed a large deal to provide their tool to the 625 high schools in the Paris region.

A unique mix of expertise in the team

To build an impactful product in this space requires multiple skillsets. Nolej’s 4 founders provide a perfect blend : 2 repeat entrepreneurs, extensive experience in the education and corporate learning space, AI and behavioral science.

A 3m€ round for product expansion and growth

Educapital is leading this round, with the participation of Square Knowledge Ventures, a Brazilian fund investing in Edtech and French regional funds. We’re proud to back this exceptional team and support them in leveraging AI to improve educational outcomes.

This operation benefits from support from the European Union under the InvestEU Fund.”