Learnsoft, a San Diego, CA-based technology leader meeting the training needs of highly regulated service industries, raised USD16.7M in Series A funding.
The round was led by Elsewhere Partners. Michele Perry, an Elsewhere Partners operating advisor, will take on the role of Board Chair, alongside Chris Pacitti and Sloane Child of Elsewhere Partners, who will also join the Board to support the company’s accelerated market expansion, channel development and recruiting efforts.
The company intends to use the funds to advance its solution offering, grow its team, accelerate adoption of its SaaS platform, and expand into new markets.
Led by Kishor Amberkar, Founder, and led by newly added CEO Robbie Abt, Learnsoft delivers a fully configurable, SaaS-based enterprise learning technology platform encompassing LMS (Learning Management System) and TMS (Talent Management System) capabilities. Integrating auxiliary systems, the company provides automated curriculum assignments and tracking, as well as reports designed to meet industry-specific compliance requirements.