Danish startup LMS365 is on a mission to empower organizations with digital learning tools for their teams, enabling everyone to have access to digital and personalised development. The team has just raised over €18 million ($20 million) to fuel its global expansion.
In the modern workplace, skills development and learning have become increasingly important. Employees have a growing appetite to enhance their skills and credentials, and employers find that in-house learning is a way to future-proof their team.
Based in Aarhus, LMS365 aims to put learning directly into the ‘hands and hearts’ of the learners. The startup has just raised over €18 million ($20 million) in Series A funding.
Rasmus Holst, CEO of LMS365: “Raising a round of this magnitude in the current climate is outstanding for the whole team and a testament to all the hard work put into getting to this point. This capital injection represents a significant change in gear for our business. The decision by our CTO, Freddy Bang, to build on Teams in 2016 sparked a phenomenal growth journey, and now we are ready for the next chapter”.
The funding was led by New York City-based Blue Cloud Ventures with participation from Kamet Capital and existing shareholders.
Mir Arif, Managing Partner of Blue Cloud Ventures: “We are thrilled to partner with LMS365 and its management team. We have tracked the LMS market for a long time and were impressed by the Microsoft Teams-native platform built by LMS365 which provides seamless deployment and ease of use for their customers”.
LMS365’s learning management system is directly built into Microsoft Teams, Microsoft Viva and Microsoft365. Through this integration, it can tap into global businesses and can onboard, train and develop employees regardless of their location.
So far, the company counts millions of users across over 60 countries with its ‘learn like you’ approach. This approach aims to allow employees to learn in their familiar flow of work in a personalised way.
With this new funding, the team plan to keep growing. LMS365 has already made market expansion through the acquisition of distribution partners in the U.S., Germany and Australia.
Eric Guardiola, Principal at Blue Cloud Ventures: “We are very familiar with the Microsoft and LMS ecosystem and are strong believers in the unique and differentiated position that LMS365 has carved out in this large and growing market.”
Henrik Jeberg, Chief Strategy Officer of LMS365: “We see a clear window of opportunity in the market where we can accelerate. While we are proud of our growth rates, Microsoft Teams adoption has also grown fast, so we expect to continue to invest in our core market, and we also see Microsoft Viva as a clear opportunity”.