The funding will help WorkRamp accelerate product development and invest in customer success. Here are the top-line bullets you need to know.
WorkRamp, a learning management system provider, has raised $40M in a Series C. The round drew participation from Salesforce Ventures, Slack Fund, OMERS Ventures, and Susa Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- California-based WorkRamp helps organizations train their workforces.
- The company claims to have tripled its revenue over the past year.
- The platform has 900+ customers, including Reddit, Box, Loom, Brex, Unity, Lattice, and Intercom.
- WorkRamp has 125 employees.
WHY DOES THE MARKET MATTER?
- The global corporate learning management system (LMS) market is expected to reach a value of $7.6B by 2026, growing at a CAGR of 22.8%, according to Valuates Reports.
- Organizations are increasingly turning to learning management systems in order to attract and retain talent.
- The rise of hybrid and remote workforces amid the pandemic has contributed to market growth.
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