Sept. 1, 2022, SAN DIEGO — The closing of a USD 16.7 million Series A round of growth financing led by Elsewhere Partners was announced today by Learnsoft, a technology pioneer serving the distinct training requirements of highly regulated service industries. Learnsoft intends to use the money to develop its solution offering, expand its staff, speed up the adoption of its SaaS platform, and enter new markets as it scales to meet increased demand for comprehensive, adaptable learning management systems (LMS).
According to Kraig Knowlton, Director of Personnel Services at the Kansas Department of Administration:
“After working with the Learnsoft team for almost ten years, we’ve grown our partnership from one agency using the Learnsoft SaaS platform to a comprehensive, customized training program that integrates with our other human resources information systems (HRIS) for the entire Executive Branch of government last year. We are sure that our staff is ready to provide our community with the best possible service since we use Learnsoft for our statewide learning, training, and performance management activities.”
According to Chris Pacitti, founder, and partner of Elsewhere Partners, “every workplace is in the midst of a total transformation. Employee recruiting, onboarding, management, training, and professional development can no longer adopt a static, one-size-fits-all approach. We believe that Learnsoft has a huge opportunity to pioneer a new era of enterprise training tools adaptable to change and compliant. They have demonstrated the value of their team, technology, and market with significant accomplishments in the healthcare and government sectors. Businesses are prepared to adopt new solutions to better support talent development and compliance objectives.”
To assist Learnsoft with navigating its upcoming phase of expansion, Elsewhere Partners will offer assistance from its extensive ecosystem of IT professionals. Along with Chris Pacitti and Sloane Child of Elsewhere Partners, who will join the Board to assist the company’s accelerated market expansion, channel development, and hiring initiatives, Michele Perry, an Elsewhere Partners operating adviser, will assume the role of Board Chair.
Robbie Abt, CEO of Learnsoft:
“Consider the pandemic as an illustration. Everything changed instantly for vital service-providing industries like healthcare and government, and it changed virtually every day. Traditional systems are unable to keep up. When essential activities, procedures, policies, and regulations continually vary, Learnsoft offers a comprehensive yet adaptable solution to help firms quickly adapt so that people are well-prepared for their jobs. Thanks to the injection of strategic expansion funds, we are well-positioned to scale and fulfill increased demand without sacrificing our service promise.”
Learnsoft provides comprehensive training technology solutions to businesses in highly regulated industries. With its SaaS-based enterprise learning technology platform, Learnsoft offers completely customizable LMS (Learning Management System) and TMS (Talent Management System) features. Learnsoft provides a comprehensive, integrated view of an organization’s learners and learning progress. It is designed for simplicity of use, content integration, and intelligent reporting.
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