ENABLING PEOPLE AND COMPANIES TO THRIVE IN THE DIGITAL WORLD
The Foundation for Young Australians (FYA, 2017) estimate that 70% of young people currently enter the workforce in jobs that will be "radically affected by automation". Further, 40% of all Australian jobs are at high risk of automation in the next 10 -15 years. FYA estimates that more than half of Australian workers will require the skills to "use, configure or build digital systems" in the next 2-3 years.
The fundamental restructure of the Australian labour market that is now on the horizon is generating significant demand for future-focused skills. The demand for professionals with digital skills is significantly outstripping the capacity for traditional education providers to supply graduates. The OECD estimates that there are 2.6m workers in ICT-related roles in Australia in 2017, while traditional education providers produced just 8,000 graduates in ICT fields.
Enter Academy Xi.
Established in January 2016, AXi aims to change the world by educating the next wave of digital change-makers. AXi delivers education and training programs in key growth areas including: Human Centred Design, Software Engineering, Data Analytics, Product Management and Growth Marketing. AXi’s programs are designed and delivered by leading industry experts and provide a pathway to new emerging careers where there are no traditional qualification pathways.
Today, AXi is a leading online learning company, delivering more than 30 cutting-edge online courses. Importantly, AXi continues to exceed all industry benchmarks for delivering exceptional online learning experiences and graduate outcomes.
Pangaea Impact Investments was a co-lead in the Series B capital raise in November 2018. At this time, Anthony Bohm joined the Board of AXi as an Executive Chair. Since then, Pangaea has participated in a number of follow-on funding rounds.
We are excited to be part of the Academy Xi team at such a key point in the company's growth and evolution.