Participated · Series C · Apr 2020

Lessonly offers a training software platform that enables teams to learn and practice via configurable learning and practice scenarios. The company’s products today include Learn and Practice, and it plans to launch Assess in mid-2020 to let learners demonstrate and improve proficiency. Lessonly reports 3 million learners across more than 1,000 companies, with customers such as Honeywell, Trunk Club, Jostens and U.S. Cellular. Led by CEO and co-founder Max Yoder, the company focuses on enablement, skills development, and reinforcing best practices. Management intends to use new funding to continue expanding operations and broaden the company’s business reach. Lessonly is an Indianapolis-based provider of team training software led by CEO and co-founder Max Yoder. The company translates work knowledge into lessons to reinforce best practices and accelerate rep performance, enabling learners to practice skills while managers provide feedback. Its platform integrates with applications such as Salesforce, Zendesk, Google Chrome and Slack to embed training into daily workflows. Lessonly serves over 1,000,000 learners at more than 500 companies, including NBC News, Trunk Club, Ibotta and Thumbtack. The company intends to use new funding to accelerate hiring and expand into the sales enablement and customer support training industries. Lesson.ly's web-based software centralizes tribal knowledge and presents it as step-by-step lessons that include quizzes and feedback loops to measure engagement and promote retention. Employees can complete assignments, search for best practices, and request additional learning content from any device; the platform can integrate with CRMs and product catalogs. More than 250 customers—including Intuit Workforce, Trunk Club, Gusto, Thumbtack, NBC News and MSNBC—use Lesson.ly, and more than 200,000 employees are learning on the platform. Over eighty percent of lessons are created by employees without learning-and-development backgrounds, distinguishing it from traditional learning software. The company plans to use newly raised capital to fuel hiring and product innovation and to accelerate its learner-first technology and mission. Ricky Pelletier of OpenView will join the Lesson.ly board as it pursues expansion in the corporate eLearning market. Lesson.ly builds onboarding and employee training tools delivered as a service to businesses. The company counts customers such as Stripe and Lyft and reports that no single account represents more than 10% of revenue. Lesson.ly grew revenue 850% in 2014 and expects top-line growth of 300% in 2015. The firm had 10 employees at the time of the article, planned to reach 12 by year-end, and aimed to nearly double staff in 2015. Lesson.ly positions itself as a Midwest startup selling to both regional and Silicon Valley customers and plans to use new capital to expand marketing and product development. Lesson.ly offers an online training-as-a-service platform that lets companies create courses, assign them to employees, track progress, and view scoring, with white‑labeling options. The company was founded last July and left beta this March. Lesson creation is the biggest friction point, so the team often helps customers import and set up material. Lesson.ly charges from $100 per month for up to 25 users and reports revenue growth of 245% month-over-month since January, though that growth starts from a small base. The company has three full‑time employees and is hiring two salespeople to support expansion. Management projects a $1 million run rate in about 12 months and expects its customer base to triple in the next six months. Lesson.ly is Indianapolis‑based and recently completed an external funding round while seeking additional capital.

Participated · Series E · Aug 2015

Workfront provides a cloud-based enterprise work management application platform enabling teams to see, measure and analyze resources, outcomes and priorities. The platform is designed to help organizations increase revenue, improve customer experiences, and reduce costs. Workfront serves thousands of companies, including BT, Cisco Systems, Comcast, Fender, Fossil Group, TSB, and Trek. In the prior 12 months the company added major capabilities such as Workfront Fusion (a codeless integration platform), Workfront Home (a configurable personal work environment), and Workfront Library (an enterprise content management hub). Alex Shootman is chief executive officer. The company is based in Lehi, Utah. Workfront offers a cloud-based Enterprise Work Management platform that centralizes work and collaboration across the entire work lifecycle to reduce excessive email, redundant status meetings, and disconnected tools. The product is used by thousands of global enterprises, including Cars.com, Cisco Systems, Comcast, iProspect, Schneider Electric, and Trek. Led by CEO Eric Morgan, the company serves marketing, IT, and other enterprise teams. Workfront plans to deploy the new capital toward business development and to expand sales, marketing, and product growth initiatives. The company is based in the Silicon Slopes region of Utah. No financial metrics beyond customer adoption were disclosed in the article. AtTask is a Silicon Slopes, Utah–based provider of cloud-based Enterprise Work Management SaaS. It offers a platform for marketing, IT and other enterprise teams to manage and collaborate on all types of work through the entire lifecycle. Led by CEO Eric Morgan, the company serves thousands of global enterprises, including Adobe, Cisco, HBO, Kellogg’s, REI, Trek, Schneider Electric, Tommy Hilfiger, Disney and ATB Financial. The company intends to use the funds to accelerate growth and product innovation. AtTask recently closed a $38M Series D financing to support those plans. AtTask is a Lehi, UT-based provider of Software-as-a-Service (SaaS) project and work management solutions that help enterprise teams receive, plan, prioritize, and coordinate activities. Led by CEO Eric Morgan, the company serves Global 2000 customers including Nike, Cisco, ABC, ESPN, 3M, and Trek. AtTask offers cloud-based tools aimed at improving productivity for knowledge workers and enterprise teams. The company announced a $17M growth funding to support expansion. It intends to use the capital to grow its sales, marketing, development, and services teams. No revenue or user metrics were disclosed in the article.