# OpenSesame

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

- Industry: Education/Training
- Headquarters: Portland, US
- Website: www.opensesame.com
- Total disclosed funding: $95M
- Latest round: Series D (Jul 15, 2021)
- Investors on record: 4

## About

OpenSesame Inc. provides a comprehensive eLearning marketplace connecting businesses with a broad array of online training courses, aimed at enhancing employee development and compliance across various sectors.Founded in 2011 by Aaron Bridges and Josh Blank, OpenSesame Inc. is headquartered in Portland, US. The company specializes in online training solutions and has pivoted towards a more technology-driven approach to course delivery. As of July 2021, OpenSesame raised USD 50 mn in Series D funding led by JMI Equity, with participation from FTV Capital and Altos Ventures, bringing the total amount raised to USD 50 mn and valuing the company at USD 476.205 mn. The company has completed five deals to date, with the most recent deal occurring on July 15, 2021. Don Spear serves as CEO.OpenSesame specializes in providing an extensive eLearning marketplace that connects businesses with a wide range of online training courses. Their core offerings include a vast catalog of courses covering diverse topics such as compliance training, leadership and management, safety protocols, industry-specific skills, and wellness. The platform utilizes advanced AI tools and expert curators to tailor learning paths that address specific skill gaps within organizations, ensuring employees develop necessary competencies. OpenSesame's clientele includes organizations across sectors such as finance, healthcare, manufacturing, and education, serving a diverse international market.OpenSesame's revenue model is based on a subscription structure that enables organizations to access their expansive range of training courses. Clients engage in B2B transactions, purchasing annual subscriptions that provide employees with access to the full suite of available courses. This flexible pricing accommodates different organizational sizes and needs, promoting scalability as companies grow. The flagship service is the curated course catalog featuring thousands of training modules from recognized publishers, ensuring relevant and effective content delivery.Following the Series D funding round in July 2021, OpenSesame Inc. plans to accelerate investments in partnerships and technology to enhance customer access to high-quality courses. The company aims to introduce new products and expand into additional markets, particularly targeting growth in North America, Europe, and Asia. This strategy includes developing new training courses aligned with market demands, with the intention of launching these offerings in the coming year. The recent funding will support these initiatives, helping to bolster their global presence.

## Funding rounds

- Series D, Jul 15, 2021, $50M — FTV Capital, JMI Equity, Altos Ventures
- Series C, May 24, 2019, $28M — FTV Capital, Altos Ventures
- Series B, Sep 26, 2016, $9M — Partech Partners, Altos Ventures
- Series A, Dec 27, 2013, $8.2M — Partech Partners

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series B, Series C, Series D
- FTV Capital (https://capitalatlas.ai/funds/ftv-capital) — Series C, Series D
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series D