Kajabi, an Irvine, CA-based platform for individuals and small and mid-size businesses (SMBs) to create and monetize online courses, training materials, and other content, received a minority investment from Spectrum Equity.
The amount of the deal was not disclosed. In conjunction with the transaction, John Connolly and Steve LeSieur will join Kajabi’s Board of Directors.
The company intends to use the funds to expand worldwide.
Led by co-founder and CEO Kenny Rueter and President Jonathan Cronstedt, Kajabi allows entrepreneurs, experts and influencers to achieve success online via tools and features from website creation, email marketing, course authoring, business analytics and acceptance of global payments.
Today, the tools are used by over 19,000 subscribers.