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When Max Yoder started Lessonly, he hoped that a few thousand people would use his learning software. Now, over a million people at more than 500 companies around the world use Lessonly for team learning in their workplace. And the Indianapolis-based company doesn’t seem to be slowing down anytime soon. With the announcement of today’s $8M Series B funding round, Lessonly is gearing up with ambitious goals to reach ten million more learners with their online training and enablement software.
Yoder and his co-founders created Lessonly in response to learning management systems that were often built for human resources compliance and disliked by frontline employees for their clunkiness. “We wanted to give employees, teams, and companies access to the essential information they needed to do their jobs,” says Yoder.
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Lessonly is all about employees doing better work—and this capital allows us to invest in building the most innovative learning platform in the market
Lessonly plans to use the $8M Series B to double down on product innovation, expand their team, and reinvent how their software delivers value. The funding round was led by OpenView, an expansion venture fund based in Boston. Other investors include Rethink Education, and Indiana-based Allos Ventures and High Alpha. Companies like Lessonly acknowledge the challenges of the Midwest, but they also see drastic advantages to calling Midwest cities like Indianapolis home. “Non-coast cities are increasingly attractive to investors—it costs less to start and run a software company in Indianapolis, Saint Louis, or Columbus. Plus, the cost of living alone is almost 200% less than San Francisco,” notes Kyle Lacy, Lessonly’s VP of Marketing, who previously worked at OpenView. “We don’t need to have a private chef or masseuse to be one of the best places to work in Indiana, and that keeps us lean and focused on growth.”
Lessonly has proven they play the SaaS game as well as any company on the coast , and they believe that their midwestern roots differentiate them from their competitors. Yoder informs, "We really take pride in a core Hoosier value: neighbours who help others. Our clients tell us how much our software has improved their learning, their productivity, and their people.”
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Company
Lessonly
Management
Max Yoder, the CEO and Co-Founder
Description
Lessonly is powerfully simple training software that helps teams learn, practice, and do better work. The company enables busy teams to get on the same page, stay ahead of change, and deliver amazing experiences to customers and prospects. Lessonly has proven they play the SaaS game as well as any company on the coast , and they believe that their midwestern roots differentiate them from their competitors. Lessonly exists to help customer service teams learn, practice, and perform like never before, and that’s why we created this ebook