Synapse, a Toronto, Canada-based provider of technology for the Learning and Development market, closed a US$2.5m seed financing.
The round was led by Generation Ventures with participation from Ripple Ventures, Differential Ventures, CEAS Investments, Cathexis Ventures, Ideal Ventures and Venture Capitalist Neal Dempsey. As part of the financing, Laura Lenz of Generation Ventures will join the board.
The company intends to use the funds to accelerate in sales, marketing and product expansion and to hire key personnel.
Led by CEO Ryan Austin, Synapse provides a platform that automates the instructional design process, allowing organizations to transform institutional knowledge into on-demand training. It enables planning and collaboration between subject matter experts (SMEs), instructional designers and training departments so that learning programs can be developed and deployed quickly. Learning teams are able to align learning objectives with assessment and activities to enable rapid instructional design.
Founded in 2016, Synapse has clients across numerous sectors including financial services, oil and gas, retail, healthcare, technology and manufacturing.