# Lessonly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lessonly

- Industry: Software
- Headquarters: Indianapolis, US
- Website: www.lessonly.com
- Total disclosed funding: $29M
- Latest round: Series C (Apr 3, 2020)
- Investors on record: 11

## About

Based in the US, Lessonly, Inc. is a straightforward training software company that helps organizations improve employee productivity through effective learning and coaching solutions.Lessonly, Inc., founded in 2012 in Indianapolis, US, specializes in training software that empowers customer-facing teams. The company was acquired by Seismic Software, Inc. in August 2021, with financial terms undisclosed. The founders include Eric Tobias, Kristian Andersen, and Max Yoder, who also serves as the CEO. Since its inception, Lessonly has successfully completed eight funding deals, culminating in a Series C round in which they raised USD 15.00 mn, led by AXA Venture Partners and other prominent investors.Seismic Learning, previously known as Lessonly, provides an enablement platform designed to enhance productivity for customer-facing teams. Their core offering, the Seismic Enablement Cloud™, encompasses functionalities such as sales content management, learning and coaching, buyer engagement, and content automation. The platform serves over 2,200 companies across various industries, including financial services, technology, and manufacturing, and operates in major markets in North America, Europe, and Asia-Pacific.Seismic generates revenue through a subscription-based model, allowing clients to access the Seismic Enablement Cloud™ and its features via annual licensing agreements. This B2B focus includes partnerships with enterprise-level and mid-market clients. Seismic also offers training programs and personalized coaching aimed at shortening the onboarding process for sales teams, which can lead to improved sales performance and an increase in closed-won deals.Following the acquisition by Seismic Software, Inc. in August 2021, Lessonly plans to leverage its resources to expand its product offerings and enter new markets. Specific upcoming products aimed at enhancing the current platform are in the design phase, with expected releases in the near future. The company is targeting growth in key markets such as Europe and Asia-Pacific by the end of 2023, utilizing the recent Series C funding of USD 15.00 mn to support these initiatives.

## Funding rounds

- Series C, Apr 3, 2020, $15M — 50 South Capital Advisors, Allos Ventures, Rethink Capital Partners, Zendesk, Inc., Atlas Peak Capital, AXA Venture Partners, Alumni Ventures Group, The Yard Ventures, Benz Capital
- Series B, Nov 14, 2017, $8M — OpenView, Allos Ventures, Rethink Capital Partners, High Alpha
- Series A, Mar 29, 2016, $5M — OpenView, Allos Ventures, High Alpha
- Series A, Dec 3, 2014, $1.1M — Allos Ventures

## Investors

- Allos Ventures (https://capitalatlas.ai/funds/allos-ventures) — Series A, Series B, Series C
- OpenView (https://capitalatlas.ai/funds/openview) — Series A, Series B
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Series A, Series B
- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Series B, Series C
- 50 South Capital Advisors (https://capitalatlas.ai/funds/50-south-capital-advisors) — Series C
- Zendesk, Inc. — Series C
- Atlas Peak Capital (https://capitalatlas.ai/funds/atlas-peak-capital) — Series C
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- The Yard Ventures — Series C
- Benz Capital — Series C