LMS365 Raises $20 Million in Series A 

by Kay Aloha Villamor in April 14th, 2023


LMS365, an Aarhus, Denmark-based pioneering learning management system, raised $20 million in growth capital to fund its continued global expansion.

The investment was led by New York City-based Blue Cloud Ventures, with participation from Kamet Capital and existing shareholders. 

As part of the funding, Mir Arif and Eric Guardiola of Blue Cloud Ventures will be joining the LMS365 board and Victor Yaw will be joining as a board observer.

LMS365's user-centric learning management system is the only learning platform built into Microsoft Teams, Microsoft Viva, and Microsoft 365. With millions of users in 60+ countries, LMS365 enables some of the world's leading organizations to effectively manage employee learning and training. Empowering employees with its element of 'Learn Like You' – i.e. allowing employees to learn in their familiar flow of work – has been key to LMS365's success.

"Raising a round of this magnitude in the current climate is outstanding for the whole team and a testament to all the hard work put into getting to this point", said Rasmus Holst, CEO of LMS365. "This capital injection represents a significant change in gear for our business. The decision by our CTO, Freddy Bang, to build on Teams in 2016 sparked a phenomenal growth journey, and now we are ready for the next chapter".

LMS365 has grown organically through its tight integration with Microsoft, and by tapping into the global business need that COVID-19 highlighted – the ability to onboard, train and develop employees regardless of their location.

LMS365 expects to continue to grow geographically after successfully expanding its market access through the acquisition of distribution partners in the U.S., Germany, and Australia. By focusing on adjacencies, LMS365 aims to offer additional functionality to customers and users. 

LMS365 believes learning will only become more strategic for businesses in the future. Businesses expect that employees will take increasing control of their professional development – seeking knowledge in their own time for their personal career journey and to benefit their employer. Skills will continue to be a strong currency in the future job market.

Company: ELEARNINGFORCE International ApS

Raised: $20.0M

Round: Series A

Funding Month: April 2023

Lead Investors: Blue Cloud Ventures

Additional Investors: Kamet Capital

Company Website: https://www.lms365.com/

Software Category: Course Authoring Software

About the Company: Founded in 2009, LMS365 is a SaaS learning management system built into Microsoft 365 and Teams supporting both commercial and government customers (like Pepsi, BDO, DAZN, etc.) in order to effectively manage employee learning, onboarding, and training regardless of their location. The company is on a mission to place learning in the hands and hearts of people — empowering them to learn for life. Like no one else. Today, with offices in Europe, Australia, and the US, they excite and enable users in 60+ countries to grow smarter. 


Source: Nicolai Sabro Hansen- Press Consultant





Livvwork, a Rotterdam, Netherlands-based digital company assistant that helps and encourages employees to regularly meet in person, raised €750, 000 in a fresh round of funding.

The investment was from Creative Capital Studio and an informal group of investors. With this funding, Livvwork will accelerate the development and rollout of its solution.

The smart company assistant brings people together, which is crucial for knowledge transfer, social cohesion, innovation, and employee well-being.

Joost Prins, co-founder and CEO of Livvwork, says, “Less contact with colleagues can lead to social isolation, less innovation, limited knowledge transfer, and a reduced sense of belonging to colleagues and the organization.”

The company offers a solution that enables businesses and their people to remain productive, healthy, and connected in the new reality by combining AI and a profound understanding of the difficulties of hybrid work.

Company: Livvwork

Raised: €.75K

Round: Unknown 

Funding Month: April 2023

Lead Investors: Creative Capital Studio

Additional Investors:

Company Website: https://www.livv.work/

Software Category: Digital Company Assistant

About the Company: Livvwork is an AI startup that provides a digital company assistant that motivates employees to get together in real life. The company assistant knows all schedules and individual hybrid work preferences, which makes it easy for employees to see where everyone is working and motivates them to come to the office. Livvwork also assists with planning internal meetings with its proactive smart scheduler. The company assistant operates with the software your organization is already using (Google Workplace & Microsoft Office 365) and works through chat as a Slack App & Teams App. Livvwork works easily for all employees and management within the organization (or department) and also integrates with your HR, administration, and desk booking software.

Source: https://siliconcanals.com/crowdfunding/livvwork-raises-750k/

Your cart