Investors Boost Indy Tech Company

An Indianapolis technology company has closed on a more than $1 million round of funding. Lessonly LLC, which creates training software, received the funds from a group led by Carmel-based Allos Venture Management Co. Ltd. Additional investment came from ExactTarget's three co-founders, Scott Dorsey, Chris Baggott and Peter McCormick. Lessonly plans to use the funding to boost sales and marketing efforts.

In July, the company announced plans to add more than 70 workers by 2018.

Lessonly's business partners in the state include Angie's List Inc. (Nasdaq: ANGI) and Indiana University Health.

The company says revenue has grown more than eight-fold this year.

Source: Lessonly LLC