Learnsoft, a San Diego, CA-based technology leader that meets the unique training needs of highly regulated service industries, announced the appointment of seasoned technology leader Robbie Abt as CEO, coinciding with the completion of a $16.7 million Series A round of growth financing led by Elsewhere Partners.
Learnsoft plans to use the funding to advance its solution offering, grow its team, accelerate the adoption of its SaaS platform, and expand into new markets as it scales to meet increased demand for comprehensive, customizable learning management systems (LMS).
Elsewhere Partners will provide support from its deep ecosystem of technology professionals to help Learnsoft navigate its next phase of growth.
Michele Perry, an Elsewhere Partners operating advisor, will serve as Board Chair, alongside Elsewhere Partners' Chris Pacitti and Sloane Child, who will also join the Board to support the company's accelerated market expansion, channel development, and recruiting efforts.
Company: Learnsoft Inc.
Raised: $16.7M
Round: Series A
Funding Month: September 2022
Lead Investors: Elsewhere Partners
Additional Investors:
Company Website: https://learnsoft.com/
Software Category: Learning Technology platform
About the Company: Learnsoft offers organizations in highly regulated industries comprehensive training technology solutions. Learnsoft delivers a fully configurable, SaaS-based enterprise learning technology platform encompassing LMS (Learning Management System) and TMS (Talent Management System) capabilities. Designed for ease of use, content integration, and intelligent reporting, Learnsoft provides a complete, integrated view of an organization’s learners and their learning progress. The Learnsoft SaaS platform makes it easy for learners to learn and organizations to prove compliance by delivering a comprehensive, user-friendly interface that is branded for each organization. Learnsoft’s mission is to provide service-delivery organizations with a fully configurable, enterprise-quality learning platform that feels like it's custom-made or homegrown.
Source: https://learnsoft.com/press-release/learnsoft-scales-closing-growth-financing/