*We’re thrilled to unveil our rebranded product – LMS365 is now Learn365, under our new company name, Zensai. Same great product, fresh new name! Enjoy the article and know that all references to LMS365 still refer to the same exceptional product you know and love, now under the new name Learn365.
Aarhus, Denmark – With our pioneering learning management system, LMS365 has raised $20 million in growth capital to fund our continued global expansion.
The investment was led by New York City-based Blue Cloud Ventures with participation from Kamet Capital and existing shareholders. Blue Cloud Ventures is a late-stage SaaS-focused venture capital fund with prior investments in several leading workforce management and learning software companies globally. As part of the funding, Mir Arif and Eric Guardiola of Blue Cloud Ventures will be joining the LMS365 board and Victor Yaw will be joining as a board observer.
Our user-centric learning management system is the only learning platform built into Microsoft Teams, Microsoft Viva, and Microsoft 365. With millions of users in 60+ countries, we enable some of the world’s leading organizations to effectively manage employee learning and training. Empowering employees with our vision to ‘Learn Like You’ – i.e. allowing employees to learn in their familiar flow of work – has been key to our success.
“Raising a round of this magnitude in the current climate is outstanding for the whole team and a testament to all the hard work put into getting to this point”, said our CEO, Rasmus Holst.
“This capital injection represents a significant change in gear for our business. The decision by our CTO, Freddy Bang, to build on Teams in 2016 sparked a phenomenal growth journey, and now we are ready for the next chapter.”
Rasmus Holst, CEO at LMS365
Mir Arif, Managing Partner of Blue Cloud Ventures, shared his excitement about the partnership; “we are thrilled to partner with LMS365 and its management team. We have tracked the LMS market for a long time and were impressed by the Microsoft Teams-native platform built by LMS365 which provides seamless deployment and ease of use for their customers.”
LMS365 has grown organically through our tight integration with Microsoft, and by tapping into the global business need that COVID-19 highlighted – the ability to onboard, train, and develop employees regardless of their location.
“We are very familiar with the Microsoft and LMS ecosystem and are strong believers in the unique and differentiated position that LMS365 has carved out in this large and growing market”
Eric Guardiola, Principal at Blue Cloud Ventures.
We expect to continue our grow geographically after successfully expanding our markets in the U.S., Germany, and Australia. By focusing on adjacencies, we aim to offer additional functionality to customers and users. LMS365 Chief Strategy Officer, Henrik Jeberg explains, “We will use M&A strategically going forward, including in relation to product development. While we are proud of our growth rates, Microsoft Teams adoption has also grown fast, so we expect to continue to invest in our core market, and we also see Microsoft Viva as a clear opportunity.”
We at LMS365 believe that learning will only become more strategic for businesses in the future. Organizations expect that employees will take increasing control of their professional development – seeking knowledge in their own time for their personal career journey and to benefit their employer. This is where, with the help of Blue Cloud Ventures, LMS365 will continue to serve the global workforce with quality learning management and engagement. To empower people to learn for life.
About Blue Cloud Ventures
Blue Cloud Ventures (BCV) is a software-focused later-stage venture capital firm based in New York City. The fund targets investments in leading business applications, infrastructure, and open-source software companies. Some of BCV’s past and present portfolio companies include Arctic Wolf Networks, Clari, Cloudbees, Druva, Go1, Iterable, NGINX, Templafy, Pax8, and Wrike. For more information on BCV and our portfolio companies, please visit www.bluecloudventures.com.
