Lessonly Announces More Growth

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(Image courtesy of the Offfice of Governor Eric Holcomb.) (Image courtesy of the Offfice of Governor Eric Holcomb.)

Indianapolis-based Lessonly Inc. says a $2 million investment will create more than 100 jobs by 2020. The training software company says it will initially build on its current operations, but will look to expand its footprint in the city during the next five years. Last month, Lessonly announced an $8 million round of funding.

Chief Executive Officer Max Yoder says "we're extremely proud to call Indianapolis home. We're working hard to reimagine training software for millions of people across the globe, and this city is our bedrock." The growth will more than double the current size of the Lessonly team. The new positions, the Indiana Economic Development Corp. says, are expected to pay average salaries more than 50 percent higher than the state average.

Last month's Series B round came from Boston-based OpenView Venture Partners, Rethink Education Management LLC in New York and central Indiana firms High Alpha Capital and Allos Ventures. At the time, the company said that funding could potentially double its current 80-person team over the next two years. The company launched in 2012 and landed a Series A investment round of $5 million in 2016.

Lessonly, which has clients who work for companies including NBC News, Trunk Club, Ibotta and Thumbtack, has been offered up to $1.3 million in conditional tax and training incentives from the IEDC.

Inside INdiana Business will have more on the story in Thursday's INside Edge enewsletter.

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