Elsewhere Partners Leads $16.7M Series A Financing of Learnsoft
Gunderson Dettmer represented client Elsewhere Partners as it led the $16.7M Series A financing of Learnsoft, a SaaS-based learning technology platform. Learnsoft provides businesses with project-tailored and industry-specific courses performance and organization efficiency to meet the unique needs of each client. The new capital will be used to advance its solution offerings, grow its team and expand into new markets.
In the announcement of the transaction, founder and partner of Elsewhere Partners Chris Pacitti said, “Every workplace is in the midst of a complete revolution – employee recruitment, onboarding, management, training and professional development can no longer take a stagnant, one-size-fits-all approach. We see an enormous opportunity for Learnsoft to lead a new era of change-ready, compliant enterprise training systems that allow organizations to easily adapt training programs. They’ve proven their team, technology and market value with substantial successes across the healthcare and government sectors, and organizations are clearly ready to embrace new solutions to better support talent development and compliance initiatives.”
The Gunderson Dettmer deal team was led by Luke Thomas and included Mark Foster, Alex Devine, Emma Anderson and Sean Patrick McGinley.