Acorn, an Australia-based AI-powered performance and learning management platform, has raised $12.3 million USD in Series A funding. 

Investors

The round was led by Level Equity, with participation from other undisclosed investors. 

Level Equity is a lower middle market private investment firm focused on providing capital to rapidly growing software and technology-enabled businesses. Level provides long-term capital across various transaction types in support of continued growth. The firm has raised over $4.5 billion in committed capital and has made over 125 investments since its inception. 

Acorn Use of Funds

The company will use the funds to drive geographic expansion, accelerate product development, and strengthen strategic partnerships. 

About Acorn

Acorn is an AI-powered performance and learning management platform that connects learning to performance. With a proprietary library of over 1,600 capabilities and 4,800 proficiency levels, Acorn helps organizations define the capabilities that matter, map them to roles and learning content, and build personalized development plans. By showing learners how to succeed in their roles and enabling leaders to have meaningful performance conversations, Acorn empowers L&D, HR, and people leaders to create clear career pathways and demonstrate the business impact of learning. 

Funding Details

Company: Acorn 

Raised: $12.3M 

Round: Series A 

Funding Date: June 2025 

Lead Investor: Level Equity 

Additional Investors: Undisclosed 

Company Website: https://acornlms.com/  

Software Category: Performance Learning Management System (PLMS) / HR Tech / EdTech 

Source: https://acorn.works/news/acorn-announces-series-a-funding