The amount of the deal was not disclosed.
Steve Hodownes, Senior Operating Advisor engaged by LLR Partners and former CEO of Orbis Education, will join TrueLearn as Chairman of the Board.
The capital will be used to help accelerate the company’s organic growth in existing market verticals, fund expansion into new healthcare markets and pursue strategic acquisitions.
Founded by Dr. Joshua Courtney in 2008, TrueLearn offers a suite of products for medical students and residents across a range of medical specialties and recently expanded its offerings to adjacent healthcare markets including pharmacy and allied health. TrueLearn’s SmartBanks promote active learning by combining retrieval practice and cognition science with personalized analytics to help improve testing behaviors and increase performance on high-stakes licensure exams required for Board certification.