Lesson.ly Lands Big Boost

Updated:
Max Yoder (pictured center) co-founded the company two years ago. Lesson.ly says it has "beanstalked" to 30 employees in that time. Max Yoder (pictured center) co-founded the company two years ago. Lesson.ly says it has "beanstalked" to 30 employees in that time.
INDIANAPOLIS -

The co-founder of Indianapolis-based Lesson.ly LLC says the company plans to invest a new $5 million round of funding "across the business." The learning automation software company says the infusion will help it add jobs and boost product innovation for its web-based portfolio. Max Yoder says the market is hungry for tools focused on the learner, "because to-date, they have been very difficult for growing companies to use." Yoder tells Inside INdiana Business the groundwork has been laid by Indiana tech industry predecessors.

The company currently has around 30 employees and expects to add 10 by year's end.

Yoder says "in 2013 our first client created their first lesson, and today more than 200,000 employees are learning with Lesson.ly. This investment brings the capital and expertise we need to accelerate our learner-first technology and aggressively pursue our mission of helping people do better work so they can live better lives."

The Series A round of funding is led by Boston-based OpenView Venture Partners, with support from High Alpha in Indianapolis and Launch Fishers-based Allos Ventures. Lesson.ly says it has more than 250 customers, including Intuit Workforce, Trunk Club, Gusto, Thumbtack, NBC News and MSNBC.

OpenView Partner Ricky Pelletier will join Lesson.ly's board. He says "one of the greatest challenges companies face as they grow and scale is ensuring their employees have the information and context needed to be successful in their jobs. Max and the Lesson.ly team have created a powerful solution that overcomes the challenge of employee learning by democratizing and automating the process."

Lesson.ly says research suggests the global corporate eLearning market could grow to north of $31 billion by 2020.

In 2014, Lesson.ly announced plans to invest more than $600,000 into its downtown Indianapolis headquarters, and adding more than 70 jobs by 2018.

The company is part of the Scott Dorsey-led portfolio of businesses at High Alpha, which also includes well-known names in the Indiana tech scene such as TinderBox and Sigstr.

Lesson.ly LLC CEO Max Yoder tells Inside INdiana Business the groundwork for the big infusion has been laid by its Indiana tech industry predecessors.
  • Perspectives

    • The Art of The Apology

      You screwed up. You handled something the wrong way, or you failed to handle it when you should have. Now what are you going to do? If you're a big company, you're probably going to screw up some more. Oh, you’ll attempt some kind of public apology, but it will be so halfhearted or passive-aggressive that you'll get called on it, and you’ll find yourself taking a second whack at the apology tree. That's the conclusion I’ve drawn as I've...

    More

Events



  • Most Popular Stories

    • Lids Sold in $100M Deal

      The Tennessee-based parent company of Lids Sports Group has found a buyer for the Zionsville-based headwear and team athletics retailer. Genesco Inc.'s (NYSE: GCO) $100 million deal involves Ames Watson Capital LLC in Maryland, which owns Utah-based sports apparel retailer Fanzz Gear Inc. Genesco entered into the definitive agreement with FanzzLids Holdings, which is a holding company operated by Ames Watson Capital affiliates. Sports licensing and ecommerce company...

    • $600M Waste-to-Fuel Plant Coming to Gary

      A California-based renewable jet fuel and diesel producer has announced plans for a massive investment in northwest Indiana. Fulcrum BioEnergy Inc. says it will invest $600 million to build the Centerpoint BioFuels Plant in Gary, which will convert municipal solid waste into renewable transportation fuel. The project is expected to create up to 163 jobs by the end of 2022. The Indiana Economic Development Corp. says Centerpoint will be located at an industrial site that will be...

    • IN, KY to Identify Preferred Ohio River Crossing Route

      The Indiana Department of Transportation and Kentucky Transportation Cabinet will take the next step for their preferred I-69 Ohio River Crossing Route. Officials with both agencies will Friday unveil details of the route and a Draft Environmental Impact Statement during an event in Evansville. INDOT Project Manager Janelle Lemon, KYTC Project Manager Marshall Carrier and I-69 ORX Environmental Lead Dan Prevost will be on-hand for Friday's event to discuss the DEIS and next steps for...

    • The Art of The Apology

      You screwed up. You handled something the wrong way, or you failed to handle it when you should have. Now what are you going to do? If you're a big company, you're probably going to screw up some more. Oh, you’ll attempt some kind of public apology, but it will be so halfhearted or passive-aggressive that you'll get called on it, and you’ll find yourself taking a second whack at the apology tree. That's the conclusion I’ve drawn as I've...

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...