附近上门

Enterprise learning platform has raised $17 million in a Series B round led by 1.

Subscribe to the 附近上门 Daily

WorkRamp is aiming to disrupt the traditional learning management space. The company, which started as an onboarding product, is a platform that turns traditionally boring tasks, like compliance training, into bite-sized learning activities.聽

The company鈥檚 platform is meant for both a company鈥檚 internal and external uses, so a business can use it for continuing training for employees or to educate their customers.

With the COVID-19 pandemic and so many people working from home, good tools for training are arguably more important than ever.

鈥淭he pandemic has really accelerated digital transformation for all companies and we鈥檙e saying, 鈥楬ey, in order to do that, you have to make sure your people are ready,鈥欌�� CEO said in an interview with 附近上门 News.

The company plans to focus the investment on its product and is working on improving WorkRamp for both internal training and for customer education, Blosser said. It鈥檚 also investing in customer success by building out a client outcomes team and a professional outcomes team. Those two new teams within the customer success team are intended to be like a 鈥渕ini Deloitte鈥� or 鈥渕ini Accenture鈥� within the organization.

In terms of expansion, WorkRamp is focusing on Europe, one of its fastest-growing markets, and India. The company plans on doubling its headcount over the next year or so, going from an employee base in the high-30s to about 80 by the end of 2021.聽

WorkRamp has seen its product usage and revenue accelerate this year, as well. In the first nine months of 2020, the company tripled its product usage across the board, Blosser said, with year-over-year revenue more than doubled so far this year. WorkRamp counts companies like , 听补苍诲 among its customers.聽

鈥淲e鈥檝e just seen the acceleration of how much people are training in this environment and with that we鈥檙e seeing people consolidate their multiple learning platforms onto one platform,鈥� Blosser said.

The company wasn鈥檛 looking to fundraise, Blosser said, but of OMERS Ventures was looking to invest in a learning provider and found WorkRamp.

鈥淥MERS was a great firm to partner (with),鈥� Blosser said. 鈥淲e worked with a partner, Eugene Lee and he was literally on the hunt because they鈥檙e very thesis-driven in terms of their investment strategy … he was on the hunt for the next great learning provider, LMS provider.鈥澛�

Blosser recalled getting off one of the first calls with Lee and telling his co-founder that he may have found an investor who knew more about the learning management space than he did.

鈥淭he pandemic has forced adoption of a digital-first approach towards customers and employees across virtually all industries,鈥� Lee said in a statement. 鈥淲orkRamp鈥檚 platform is foundational to empowering both of these important audiences today and in the future.鈥�

The new round brings WorkRamp鈥檚 total funding to more than $27 million. The company last raised money with an $8 million in June 2019.

Illustration: Li-Anne Dias