Pangaea invests in 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 future growth areas including: service design, user experience and growth marketing. AXi’s programs are designed and delivered by leading industry experts and provide a pathway to new emerging careers. To date, AXi has trained more than 3,200 students and engages with a community of over 30,000 professionals through their campuses in Sydney and Melbourne.

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.

The successful completion of a Series B investment in November 2018 - in which we were proud to be the co-lead - provides a strong base for the company to expand its campuses, courses and community engagement.

We are excited to be joining the Board and the Academy Xi team at such a key point in the company's growth and evolution.