The enterprise learning company scored its largest round of funding to date from the investment arm of OMERS, with participation from Bow Capital, a Silicon Valley early-stage venture fund. The company plans to substantially increase its employee count from over 30 employees to 80 by the end of 2021. (TechCrunch, Crunchbase)
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The enterprise learning company scored its largest round of funding to date from the investment arm of OMERS, with participation from Bow Capital, a Silicon Valley early-stage venture fund. The company plans to substantially increase its employee count from over 30 employees to 80 by the end of 2021. (TechCrunch, Crunchbase)
Talking point: In a Medium post, OMERS investor Eugene Lee said he reached out to WorkRamp CEO Ted Blosser because the pandemic had enhanced his interest in how training as a category was impacting companies. “This led me to a deep dive into the Learning Management System (LMS) market, which ultimately led me to you,” Lee wrote, in a Q&A-style entry with Blosser. He added that he was particularly enthused by how user-friendly the WorkRamp product was. The platform essentially allows businesses to organize and build their own training materials and distribute them to employees. According to PitchBook, WorkRamp’s last financing took place in June 2019, where the company raised US$8 million in a round led by Bow Capital.
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