Prytek Injects $100M into Tech Startup ThriveDx for Expansion

Prytek Holdings, a multinational technology group, has completed another round of strategic investment into ThriveDx, which is developing digital skills training products, taking its total investment in the company to more than $100 million.

Announced on Friday, the latest investment came after Prytek’s initial investment of $20 million into ThriveDx in early 2018. Those proceeds were used in the company’s global expansion, especially in the United States.

Now, ThriveDx will use the fresh funds to accelerate its growth in the US and expand into European and Asian markets.

“ThriveDX is a company with exceptional global capabilities in the field of education with a unique model,” said Arnon Shiboleth, the Co-CEO of Prytek and a Director at ThriveDX.

“Prytek recognized its capabilities back in 2018, which was a local company starting to expand globally, and since then we have had the honor of working closely with management and supporting its exponential growth and global success.”

Another Edtech Startup

Formerly known as HackerU, ThriveDx offers advanced and professional development programs in digital technologies. It partnered with academic institutions and corporations, making its products reliable and popular. Furthermore, it has a separate SaaS division that provides comprehensive end-to-end solutions to enterprises.

Prytek has been investing in several technology startups. The company even secured $107 million as committed investments from certain affiliates of Davidson Kempner Capital Management, Finance Magnates reported.

“We are grateful for Prytek's expression of trust. Since Prytek's first investment about three years ago, the company has changed its face beyond recognition. As a result of the collaboration and support, the company has developed rapidly and has been able to successfully penetrate the international markets,” said the Founder and CEO of ThriveDX, Gil Adani.