LMS365, a Danish-based company, has recently secured €18 million in funding to enhance digital learning in the workplace. The funding was led by a group of investors, including Insight Partners and Northzone, and will be used to further develop LMS365’s cloud-based learning management system (LMS).
LMS365’s LMS is designed to provide a comprehensive and user-friendly platform for companies to manage their employee training and development programs. The system is fully integrated with Microsoft Office 365 and SharePoint, making it easy for companies to incorporate training materials into their existing workflows.
The LMS365 platform offers a range of features, including customizable course creation, automated course enrollment, and real-time tracking and reporting. The system also includes a mobile app, allowing employees to access training materials on-the-go.
With the COVID-19 pandemic forcing many companies to shift to remote work, the need for effective digital learning solutions has become more important than ever. LMS365’s platform has seen increased demand as companies look for ways to provide their employees with the necessary training and development opportunities while working remotely.
The funding will allow LMS365 to further enhance its platform, including expanding its capabilities for personalized learning paths and incorporating artificial intelligence (AI) and machine learning (ML) technologies. These enhancements will enable the platform to provide more targeted and effective training programs for employees.
In a statement, LMS365 CEO Lars Vestergaard said, “We are thrilled to have secured this funding, which will enable us to continue our mission of providing the best possible digital learning experience for our customers. With the ongoing shift towards remote work, we believe that our platform will play an increasingly important role in helping companies to train and develop their employees.”
The funding round comes as part of a larger trend of investment in edtech companies. According to EdTechXGlobal, global edtech investment reached $18.66 billion in 2019, with the COVID-19 pandemic driving further growth in the sector.
Overall, LMS365’s funding round is a positive development for the company and the wider edtech industry. With the ongoing shift towards remote work and the increasing importance of digital learning, LMS365’s platform is well-positioned to help companies meet their training and development needs.
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