The learning category sees its latest big private equity round: OpenSesame
OpenSesame today announced it raised a $28 million growth equity round led by FTV Capital. OpenSesame will use the proceeds to continue enhancing its machine learning-driven curation tools, expand its course offerings, and scale its sales and marketing functions to serve businesses worldwide. This funding round includes participation from existing investors including Altos Ventures. As workforce training rapidly shifts from classroom to online delivery, OpenSesame curates a comprehensive catalog of over 20,000 elearning courses from hundreds of the world’s top publishers. OpenSesame helps businesses around the world find courses, map them to core competencies, sync them with a company’s learning management system (LMS) to increase utilization and improve learning & development (L&D) programs.
Leveraging machine learning and expert advisors, OpenSesame helps curate a variety of courses for evolving enterprise training requirements, driving employee engagement and increasing elearning utilization. OpenSesame serves a wide range of clients, including governments and Global 2000 companies in services, manufacturing, technology, and highly regulated industries such as financial services and health care.
“Our goal is to make elearning accessible, convenient, and meaningful to all EnerSys employees,” said Drew Krajewski, director of global training & development for EnerSys, a Fortune 1000 OpenSesame customer. “Actual customer service of this caliber is a rarity, and OpenSesame does it right. We don’t consider OpenSesame a vendor. They’re our partner.”“Based on FTV Capital’s long and successful enterprise SaaS investment track record, we are excited to have them lead our Series C funding,” said Don Spear, CEO of OpenSesame. “This investment coupled with their extensive network of strategic advisors will help OpenSesame to continue to rapidly grow and innovate to meet the constantly evolving training needs of our customers as they prepare their employees for the future of work.”