About Sponge
Sponge is a company based in Bristol (United Kingdom) founded in 2004 was acquired by Aliter Capital in November 2019. It operates as a Professional Services, and Subscription Services. The company has 149 employees as of April 30, 2021. Sponge has completed 1 acquisition, including Idox Group. Sponge offers products and services including Bespoke Digital Learning, Learning Strategy Consulting, Sales Enablement Training, and Compliance Training. Sponge operates in a competitive market with competitors including D2L, Degreed, Docebo, CoachHub and Skillsoft, among others.
- Headquarter Bristol, United Kingdom
- Employees 149 as on 30 Apr, 2021
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sponge Group Holdings Limited
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Annual Revenue
$16.26 M (USD)12as on Apr 30, 2022
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Net Profit
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EBITDA
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Latest Funding Round
$365.18 K (USD), Grant
Nov 01, 2019
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Investors
European Union
& 1 more
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Employee Count
149
as on Apr 30, 2021
- Investments & Acquisitions
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Acquired by
Aliter Capital
(Nov 12, 2019)
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Products & Services of Sponge
Sponge offers a comprehensive portfolio of products and services, including Bespoke Digital Learning, Learning Strategy Consulting, Sales Enablement Training, and Compliance Training. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom digital learning solutions are designed for workplaces.
Global learning strategies are crafted for business transformation.
Sales training programs are developed to boost performance.
Compliance content is created to ensure regulatory adherence.
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Funding Insights of Sponge
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $365,181
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First Round
First Round
(11 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2019 | Amount | Grant - Sponge | Valuation |
investors |
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| Jan, 2019 | Amount | Grant - Sponge | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sponge
Sponge has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Aliter Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sponge
Sponge has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Idox Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software solutions are developed for government and industry sectors.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sponge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sponge Comparisons
Competitors of Sponge
Sponge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as D2L, Degreed, Docebo, CoachHub and Skillsoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
E-learning platforms are provided for professional skills and compliance training.
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| domain | founded_year | HQ Location |
Enterprise learning management systems are provided for training programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sponge
Frequently Asked Questions about Sponge
When was Sponge founded?
Sponge was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Sponge located?
Sponge is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
How many employees does Sponge have?
As of Apr 30, 2021, the latest employee count at Sponge is 149.
What is the annual revenue of Sponge?
Annual revenue of Sponge is $16.26M as on Apr 30, 2022.
What does Sponge do?
Sponge is engaged in delivering digital learning solutions tailored for large organizations. Services are provided across sectors like pharma, technology, retail, financial services, and automotive. Customized programs, corporate academies, and digital campaigns are developed to support business transformation, onboarding, compliance, sales enablement, and sustainability. Strategic consulting and experience design are combined with innovative production to ensure memorable learning outcomes. Focus is placed on addressing modern workforce challenges through learner-centric approaches.
What products or services does Sponge offer?
Sponge offers Bespoke Digital Learning, Learning Strategy Consulting, Sales Enablement Training, and Compliance Training.
How many acquisitions has Sponge made?
Sponge has made 1 acquisition, including Idox Group.
Who are Sponge's investors?
Sponge has 2 investors. Key investors include European Union, and Aliter Capital.