Paris, September 7, 2022
Founded in 2008, Toutapprendre (“TAP”) is the leading B2B2C provider of online content to works’ councils, enterprises’ HR departments, and libraries in France. The Group offers its 4 million users unlimited access to over 160.000 hours of content, split across 3.000 e-learning courses, 75.000 e-books and comics, and 300 newspapers and magazines, including L’Equipe, Le Monde, Les Echos, Closer, Elle, Le Parisien, Paris Match, or Ouest France.
Marc Wacongne has decided to team up with AREV and will retain 51% of the capital of TAP. This operation will allow TAP to accelerate the roll out its digital platform across works’ councils and corporates building on the mega trends of employees’ wellbeing at work, employee retention, personal development and personal professional training, and improvement of purchasing power at a time where inflationary pressures are encroaching on many families’ budgets. By providing best in class premium academic support to children in subjects such as mathematics, history or chemistry, driving license theory lessons or preparation to language exams including TOEFL/TOEIC in English or HSK in Chinese to teenagers and young adults, or enabling the full family to have access to a large portfolio of books, literature or comics, and over 300 newspapers and magazines, with unlimited access, TAP is on a social mission to participate in children’s education and personal development.
Marc Wacongne, CEO of TAP declares : “We have made a lot of progress since 2008 when TAP was founded and started its operations with only 3 languages courses of English, German, and Spanish. Our platform offers today premium social and cultural content across over 20 themes to over 4 million subscribers. We aim at continuously enriching our content further, and have some exciting projects. We take our ESG responsibility very seriously and believe we can truly make an impact and improve people’s lives. I look forward to my partnership with AREV to continue to grow TAP”.
Xavier Geismar and Julien Lammoglia, Partners of AREV Partners declare : “We are excited by our partnership with Marc and the growth prospects of TAP. In TAP, we have found both a great business and a visionary entrepreneur that are on a social mission, and we shall thrive to bring our know-how and experience to this ambitious project. Thanks to the commitment of the AREV team, we are confident that we will be able to help build a stronger TAP. This investment, made by AREV I SCA less than 5 months after its first close, is a great example of AREV’s strategy to invest in growth companies that have a positive impact on society”.