WorkRamp Raises $40 Million for its All-in-One Learning Platform Built to Unlock the Growth Potential of Fast-Growing Businesses

Funding Rounds

Summary

"In todays rapidly changing work environment, companies are struggling to keep up because they arent able to properly enable and develop their people," said Ted Blosser, WorkRamps CEO and co-founder. Global brands including Reddit, Box, Handshake and Branch already trust WorkRamp to empower their workforces with new customers such as Hopin, GRIN and Vanta joining the platform. Career network and management platform Handshake has seen the same increases when training sales staff while also boosting its average deal size by 15% and doubling its revenue since partnering with WorkRamp. With this new funding, WorkRamp will be investing in continued product innovation, ramping customer success programs, expanding the team across departments, and reshaping the narrative of the corporate learning category from a solution-led to a people-enabled approach. "The learning and development sector has been dominated by legacy solutions but WorkRamp brings a new platform that companies are already seeing amazing results from," said Chad Byers, General Partner, Susa Ventures.

$ Funding

$
Amount $40.0M Total raised
Date March 23, 2022 Announcement date
Investors - Lead investors
Company http://www.workramp.com Funded company

Classifications

industries
No industries detected
applications
Accounting and Taxes

AskAI Classifications

Labels
Software Learning Management System (LMS) SaaS

Linked Companies

WorkRamp
$1M to $5M