# Forty One Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forty-one-enterprises

- Industry: Software
- Headquarters: New York, US
- Website: www.hickorytraining.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jul 1, 2015)
- Investors on record: 1

## About

Based in the US, Forty One Enterprises, Inc. specializes in creating innovative training solutions that enhance employee learning and development across various sectors.Forty One Enterprises, Inc. focuses on delivering a learning management platform that caters to the needs of diverse industries. Established in 2015 in New York, US, the company has engaged in 2 deals, including a Seed funding round in May 2017, raising USD 120,000 from Y Combinator. This investment supports their ongoing efforts in developing training solutions for a broad market.Hickory Training, the primary offering from Forty One Enterprises, Inc., provides a comprehensive learning management platform that improves employee training and education across various industries. Key features include a user-friendly, card-based editor that allows organizations to create training materials such as PDFs, presentations, videos, and SCORM-compliant lessons. The platform supports multiple deployment methods, including web, mobile, email, and text messaging, specifically addressing the needs of healthcare, oil and gas, and restaurant services sectors. Their solutions are designed to tackle common employee education challenges, enhancing training efficiency, retention, and cost-effectiveness, with a diverse client base spanning North America and expanding internationally.Hickory Training operates on a subscription-based pricing model with three distinct tiers: the Essentials plan priced at USD 4 per user per month for small teams, the Premium plan at USD 8 per user per month for medium-sized organizations, and the Large Teams plan at USD 15 per user per month, offering advanced features like white-labeling and compliance training. This structured pricing approach ensures a steady income stream through recurring subscriptions while providing essential training resources tailored to client operational needs.In May 2017, Forty One Enterprises, Inc. raised funding from Bossa Nova Investimentos to further its growth initiatives. The company is focused on developing new product features and enhancing its learning management platform to meet evolving client needs. Additionally, they plan to expand their market presence beyond North America into international territories, leveraging recent investment to support these strategic objectives.

## Funding rounds

- Seed, Jul 1, 2015, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed