Northpass raises $4M for its LMS. Learning continues to get disrupted, but we don’t hear about many new LMS systems any more. Sure, we hear about LMS products that are calling themselves something different, but the term LMS brings to mind cumbersome course catalogs and challenges with getting employees engaged in their use. So, to see a “series A” for a product self-messaging as an LMS stands out. It’s either “truth in advertising” kind of messaging that is refreshing, or it’s the first thing they Edison should tell them to fix with that investment.
Northpass, a modern learning solution for driving business performance, has secured $4 million in Series A funding led by Edison Partners, a New Jersey-based growth equity investor. The funds will be used to accelerate product development and adoption.Northpass, a modern learning solution for driving business performance, has secured $4 million in Series A funding led by Edison Partners.Tweet this2018 was a breakout year for Northpass. The company achieved 100% revenue growth and has plans to double again this year. Currently, Northpass is relied on by over 200 companies, including some of the world’s most innovative and disruptive brands such as Uber, Lyft, Airbnb, Shopify, and Square.“Modern learning tools have become essential for enabling today’s front-line teams,” says Steve Cornwell, founder and CEO of Northpass. “It’s all about enablement. High-growth companies need seamless onboarding, increased retention, and improved customer satisfaction. Northpass gives stakeholders the skills needed to truly drive business success.”
Source: Northpass Secures $4 Million Growth Investment Led by Edison Partners | Business Wire