LearnUpon, a Dublin, Ireland-based Learning Management System (LMS) provider, received a $56m minority investment from Summit Partners.
“We believe every learning opportunity should be an experience that advances employee, partner and customer success, and LearnUpon is purpose-built to help organizations of all sizes achieve this goal,” says Brendan Noud, CEO and co-founder of LearnUpon. “Summit brings deep experience scaling SaaS businesses, as well as a number of dedicated growth-focused and technology resources that we believe will help LearnUpon build on the momentum we have established in the market. We are excited for the opportunities that this partnership will bring to our team, customers and partners.”
The solution is designed to enable more efficient delivery, tracking, measurement and certification across numerous learning use-cases, including employee development, customer onboarding, partner education and compliance training, all of which have usually been managed across disparate systems.
This funding represents LearnUpon’s first major capital raise and will be used to fuel hiring, support continued execution of the company’s product roadmap and meet accelerating customer demand.
Announcement: LearnUpon Closes $56M Growth Equity Investment