Overview

Lessonly provides training software that enhances team learning and performance for various businesses, from large corporations to local enterprises. Its main product is a user-friendly platform that enables teams to learn and practice essential skills, particularly in customer service, sales, and learning and development departments. Companies can create, distribute, and track training materials through Lessonly, ensuring employees are well-prepared. The company operates on a subscription-based model, allowing clients to access the software for a monthly or annual fee. What sets Lessonly apart from competitors is its strong focus on feedback and continuous improvement, making it a reliable partner for businesses aiming to enhance their training programs. The goal of Lessonly is to help organizations improve team performance through effective learning and practice.

Simplify's Take

What believers are saying

• Growing demand for microlearning modules aligns with Lessonly's platform capabilities.
• Expansion of remote work policies increases demand for virtual training solutions.
• Rising importance of soft skills training presents opportunities for specialized modules.

What critics are saying

• Integration challenges with Seismic's systems could lead to inefficiencies.
• Brand confusion may arise from the rebranding of Obie as Lessonly Knowledge.
• Intensifying competition in the corporate training software market poses a threat.

What makes Lessonly unique

• Lessonly offers a user-friendly platform for team learning and skill practice.
• The company emphasizes feedback and continuous improvement in its training software.
• Lessonly serves a diverse range of clients, from Fortune 100 to local businesses.

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Funding

Total Funding

$29.1M

Below

Industry Average

Funded Over

4 Rounds

$15,000,000

Series C

Apr 2020

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$15M

$16M

$40M

$50M

$62M

$100M

View all funding stages