# Cognota

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cognota-2

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.cognota.com/
- Total disclosed funding: $8.5M
- Latest round: Series A (Jun 1, 2023)
- Investors on record: 10

## About

Based in Ontario, Canada, and founded in 2018, Cognota, Inc. is a Learning Operations (LearnOps) platform designed to streamline Learning and Development (L&D) workflows, make data-driven budget decisions, and measure the ROI of learning programs. The company was co-founded by Ryan Austin (CEO). In June 2023, Cognota, Inc. raised USD 1 million in venture debt funding from investor Comerica Bank. 

Cognota's LearnOps platform streamlines L&D processes by offering features for data-driven budgeting and evaluating learning. It is a central hub for managing all L&D projects and encourages collaboration and knowledge sharing. Features like training request submission, project planning, and insights support informed decision-making. Users can monitor requests and customize project settings via a dedicated portal. Additionally, Cognota integrates with various tools, and provides training, assistance, and a community for L&D professionals, aiming to standardize processes and offer comprehensive analytics for informed decision-making. 

The company generates revenue through its platform, priced at 1,499 USD per user annually, with costs dependent on the size of the team. 

The company plans to use the June 2023 funding to expand its customer engagement and product development and to launch its LearnOps certification program.

## Funding rounds

- Series A, Jun 1, 2023, $4.5M — Grotech Ventures, BDC Capital, IDEA Fund Partners, Tyton Partners, CEAS Investments, Generation Ventures
- Seed, Aug 20, 2020, $1.5M — BDC Capital, Differential Ventures, Ripple Ventures, Generation Ventures
- Seed, Sep 17, 2019, $2.5M — Differential Ventures, Ripple Ventures, Cathexis Investment Management, CEAS Investments, Ideal Ventures, Generation Ventures

## Investors

- Differential Ventures (https://capitalatlas.ai/funds/differential-ventures) — Seed
- Ripple Ventures (https://capitalatlas.ai/funds/ripple-ventures) — Seed
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- CEAS Investments — Seed, Series A
- Ideal Ventures (https://capitalatlas.ai/funds/ideal-ventures) — Seed
- Generation Ventures — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed, Series A
- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A
- IDEA Fund Partners (https://capitalatlas.ai/funds/idea-fund-partners) — Series A
- Tyton Partners — Series A