# WorkRamp

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

- Industry: Software
- Headquarters: San Carlos, US
- Website: www.workramp.com
- Total disclosed funding: $67M
- Latest round: Series C (Mar 10, 2022)
- Investors on record: 12

## About

WorkRamp, Inc. is a technology company specializing in Learning Management Systems (LMS) designed to enhance corporate training and development through artificial intelligence and streamlined integration with enterprise software.Founded in 2015 and headquartered in San Carlos, US, WorkRamp, Inc. provides organizations with innovative learning solutions. The company was established by Arsh Mand, Matt Scheitle, Stephanie Middaugh, and Ted Blosser. WorkRamp has successfully completed 6 deals, with its most recent funding round being a Series C on March 10, 2022, where it raised USD 39.8 mn from investors including Salesforce Ventures, Slack Fund, and Susa Ventures. The total amount raised by the company stands at USD 39.8 mn, with a current valuation of USD 184.578 mn.WorkRamp primarily offers a Learning Management System (LMS) that leverages artificial intelligence to enhance organizational training and development processes. Their core product, the WorkRamp Employee Learning Cloud, facilitates employee onboarding, upskilling, and compliance training, while the Customer Learning Cloud focuses on educating customers and partners. Both systems are designed to integrate seamlessly with existing enterprise software, ensuring that organizations can streamline their training initiatives. The platform delivers personalized learning paths, real-time analytics, and automated content updates to meet the diverse needs of users across various industries, including financial services, healthcare, IT, manufacturing, and software. WorkRamp serves a broad client base, including companies like Reddit and Handshake, and operates in multiple geographical markets, primarily targeting North America, Europe, and Asia-Pacific.WorkRamp's revenue model is structured around subscription-based pricing for its LMS offerings, with potential tiers catering to different organizational needs. Clients typically engage in annual contracts that provide access to the Employee Learning Cloud and Customer Learning Cloud, alongside additional features such as prebuilt content and analytics tools. The company fosters B2B relationships by partnering with organizations aiming to enhance their employee and customer training strategies. Specific pricing plans are designed to accommodate businesses of varying sizes, from emerging startups to established enterprises. Through these structured subscription agreements, WorkRamp delivers both immediate and long-term value to its clients, facilitating improved operational efficiency and enhanced training outcomes.In March 2022, WorkRamp, Inc. raised USD 39.8 mn in Series C funding, co-led by Salesforce Ventures and supported by other investors including Slack Fund and Susa Ventures. This funding will allow the company to further develop its product offerings, including upcoming enhancements to their LMS technology aimed at increasing user engagement and training effectiveness. Additionally, WorkRamp plans to expand into new geographical markets, particularly within Europe and Asia-Pacific, by the end of 2023. Co-founder Ted Blosser will continue to lead the company as CEO, guiding its growth and operational strategies.

## Funding rounds

- Series C, Mar 10, 2022, $40M — OMERS Ventures, Susa Ventures, Salesforce Ventures, Slack Fund, UpHonest Capital, GTMfund, PeopleTech Angels
- Series B, Dec 4, 2020, $18M — OMERS Ventures, Bow Capital
- Series A, Jun 10, 2019, $8M — Initialized Capital, Susa Ventures, Slack Fund, Bow Capital
- Seed, Dec 1, 2016, $1.8M — Y Combinator, Initialized Capital, Susa Ventures, Liquid 2 Ventures, Teamworthy Group
- Seed, Aug 24, 2016, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A, Series C
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Teamworthy Group (https://capitalatlas.ai/funds/teamworthy-group) — Seed
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A, Series C
- Bow Capital (https://capitalatlas.ai/funds/bow-capital) — Series A, Series B
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Series C
- GTMfund (https://capitalatlas.ai/funds/gtmfund) — Series C
- PeopleTech Angels — Series C