Global eLearning Innovator OpenSesame Receives $50 Million Strategic Growth Investment from JMI Equity and Existing Investors

PORTLAND, Ore.--(BUSINESS WIRE)--OpenSesame, a market-leading SaaS global elearning innovator, today announced a $50 million investment led by JMI Equity, a growth equity firm focused on investing in leading software companies, with participation from existing investors FTV Capital and Altos Ventures. As a result of COVID-19 and the dawn of the work from home era, companies around the world were forced to rethink the way they train and develop their organizations. As we considered accelerating our growth, it became clear that we should add another proven financial partner to help us optimize our business for further success. “ As corporate training and business learning have evolved over the past several years, OpenSesame has emerged as the leader in delivering innovative virtual learning experiences and best-in-class content to a quickly growing, global customer base,” said Peter Arrowsmith, Managing General Partner at JMI Equity, who will join the OpenSesame Board of Directors. Founded in 1992, JMI has invested in over 155 businesses in its target markets, successfully completed over 105 exits, and raised more than $6 billion of committed capital.