Lessonly Raised $8 Million For Enterprise Learning Software
Indianapolis’ Lessonly, a startup that develops educational software for teams, announced that it has raised an $8 million Series B round. The round was led by OpenView, and investors include Indianapolis-based High Alpha Capital and edtech VC firm Rethink Education.
Founded in 2013, Lessonly has grown quickly over the past year and a half, from 17 full-time employees to its current 80 full-time employees. The company’s reputation in Indianapolis has been buoyed by interest from some prominent players in the Indianapolis tech scene.
Yoder said that enterprise educational software has traditionally been developed with Human Resources or management teams in mind — teams whose main objective is to follow a rigid protocol for documenting what happens within the company.
Lessonly has approximately 500 customers, ranging from consumer startup Birchbox to payments processor Stripe.
customers use Lessonly’s software primarily to develop lesson plans for their sales teams and customer service teams, as both often have to stay up-to-date on public-facing information, such as pricing and return policies and the numbers and types of available products.
The compliance processes are well-documented, and the processes for managers are well-documented. But the process that I need as a salesperson or customer service person, the techniques that I need to understand in order to know how to do my job — they’re just floating in the ether,If you’re seeing inconsistent performances on those team — it’s probably because people have inconsistent information and knowledge.”
Yoder said that Lessonly’s software is designed to be easily adjustable. Anyone on a team can upload text, photos, and videos to create lessons that can take place monthly, bi-monthly, or weekly — though teams can ensure that a manager vets the lesson before it goes live.