Lesson.ly, an Indianapolis, IN-based provider of learning automation software, raised $5m in Series A funding.
The round was led by OpenView Venture Partners, with participation from High Alpha Capital and Allos Ventures. In conjunction with the funding, Ricky Pelletier, Partner at OpenView, will be joining the Lesson.ly Board of Directors.
The company intends to use the capital for hiring and product innovation.
Led by Max Yoder, co-founder and CEO, Lesson.ly provides web-based software that centralizes company knowledge, best practices, and team policies employees depend on and presents it as step-by-step lessons that include quizzes and feedback loops to measure engagement and promote retention.
Employees are able to complete assignments, search for best practices, and request additional learning content from any device.
The software is currently used by more than 250 companies including brands like Intuit Workforce, Trunk Club, Gusto, Thumbtack, NBC News and MSNBC.