Lessonly raises $8 million Series B led by OpenView
The year 2017 is turning out to be quite the successful year for Lessonly. The leader in team training software has hit record-breaking quarters, ramped up hiring efforts, and is today announcing a Series B raise of $8 million led by OpenView.
Lessonly’s founder and CEO, Max Yoder, is no stranger to success. Founded in November 2012 with a mission to make team training easy for growing businesses of all sizes, Lessonly quickly raised $1.1 million led by Allos Ventures in December 2014. Their next funding boost came in March 2016 with a Series A raise of $5 million led by OpenView. Today’s Series B announcement from the same investor shows continued growth and support in the education tech company that won a 2015 Mira Award for Tech Startup of the Year.
The funding round was led by veteran expansion-stage venture firm OpenView, located in Boston. “OpenView’s continued support of Lessonly speaks to the company’s growth, focus on innovation, and ability to hire and retain some of the best talent in the Midwest,” said Ricky Pelletier, Partner at OpenView and Lessonly board member. “We’re excited to support Max, Conner, and team as Lessonly continues to grow and scale.” Rethink Education, High Alpha Capital, and Allos Ventures also participated in the funding round.
Other notable achievements include being named to Entrepreneur’s Top Company Cultures of 2017 list, where Lessonly ranks among 152 other companies from across the nation and is the only Indiana company to be included. On a local level, Lessonly was also honored by securing a spot on the 2017 Best Places to Work list.
“I am grateful to our 80-person team, the 500 customers we serve, and the million-plus people we’ve enabled over the years,” said Max Yoder, Lessonly’s CEO and co-founder. “Every day at Lessonly is a joy, and I cannot wait to see what the next ten million learners teach us about the future of work.”
New funding will be used to fuel substantial hiring goals, invest considerably in the Lessonly team and community, and reinvent training software for the multi-billion dollar sales enablement and customer support industries.
Growing at such a rapid pace presents unique opportunities and challenges for tech startups. Kyle Lacy, Director of Marketing at Lessonly, says “From the first customer to the four hundredth, Max and team have been building a powerful story from the very beginning of Lessonly. There has and always will be a common understanding around the importance of teamwork and culture. Growing up as a startup has engrained a very strong connection to the brand of Lessonly for each and every employee. We believe whole-heartedly in our mission. We help people do better work, so they can live better lives. We put the learner — our customer — first and try to deliver the highest quality service. Scaling will always be difficult but if we continually remind ourselves of the power of learning, we will maintain the foundation that made Lessonly great from the very beginning.”
More news is still on the horizon for Lessonly with their first conference, Yellowship, which will take place in Indy in April 2018. Visit Lessonly’s Tech Directory profile listed below to read more stories and see job openings.