Jolt

Company Overview

Snapshot

Founded in June 2015 by Roei Deutsch, Nitzan Arazi, Nadav Leshem, and Lior Frenkel, Jolt operated with 51–200 employees. The company raised $23.2 million across 3 funding rounds from 7 investors, including Hillsven Capital. Jolt was acquired in September 2022.

Business overview

Jolt provides an alternative business school experience for self-made professionals, operating a network of campuses that deliver professional video courses. These courses cater to tech workers at various career stages, featuring content from experts and executives at leading tech companies. The company aims to equip its students with a competitive advantage, serving individuals and businesses within the Education & Knowledge Technologies sector.

Strategic signal

In September 2022, Jolt was acquired by an undisclosed entity. This acquisition followed a period of organizational restructuring and layoffs earlier in 2022, indicating a strategic shift for the company after a previous acquisition deal fell through. The sale suggests a resolution to internal challenges and a new chapter under different ownership, impacting its future trajectory in the education technology market.

Company Intelligence Q&A

What was the most recent significant corporate event for Jolt?

Jolt was acquired in September 2022 by an undisclosed entity. This followed a period of restructuring and layoffs earlier in the year.

When did Jolt last raise a funding round?

Jolt secured a Series A funding round in January 2020. The round included participation from Hillsven Capital and Octopus Ventures.

What was the total capital raised by Jolt?

Jolt raised a total of $23.2 million across 3 funding rounds.

What was the nature of Jolt's business model?

Jolt operated as a business school for self-made professionals, offering professional video courses to tech workers through a network of campuses. It aimed to provide an alternative to traditional higher education.

What was the impact of the COVID-19 pandemic on Jolt's strategy?

In June 2020, Jolt's co-founder and CEO, Roei Deutsch, discussed how the COVID-19 crisis created an opportunity for startups like Jolt to offer alternatives to traditional higher education, emphasizing remote learning and a hybrid model.