The round, led by a US based angel investor and supported by Enterprise Ireland, will allow LearnUpon build on its rapid growth to date and help confirm its position as the number one cloud based LMS solution for training companies and SMEs. The funding will be used to expand LearnUpon’s presence in its primary markets of the United States, Canada and the UK, expand its team and accelerate planned new feature releases throughout 2014.
Lisa Vaughan, Manager of the Scaling and High Potential Start-up Division in Enterprise Ireland commended the company for its progress to date saying “LearnUpon is an excellent example of a business experiencing growth in export markets by continually anticipating and satisfying customer needs and Enterprise Ireland very much looks forward to working with the company to further develop their international growth.”
Less than 18 months after launch, LearnUpon has also confirmed its 100th customer, of which 40% are based in the United States with a further 34% in the UK. LearnUpon also has customers in Canada, Ireland, Australia, South Africa, Netherlands and Spain and continues to expand into new markets off the back of its growing reputation.
LearnUpon will be exhibiting at its first US learning technology conference later this month when it takes a stand at the upcoming ASTD TechKnowledge in Las Vegas, Nevada on January 22-24, 2014.
Commenting on the announcements, LearnUpon CEO Brendan Noud said: “Following off the back of an exciting 2013 where our business grew over 700% we are delighted to announce the closing of our funding round which will allow us to implement our goal of becoming the leading cloud based LMS in the world. When we started on our journey with LearnUpon we wanted to provide a platform that would address the common frustrations that existed with other solutions and our rapid growth to date is testament that we are heading in the right direction. We have developed a solution that is super easy to use, is affordable and is backed up by unrivalled customer support. We have quickly become the number one choice for any small to medium sized company that are looking for a cloud based LMS to train their employees and for training companies looking to deliver online courses to their clients. We are looking forward to exhibiting at ASTD TechKnowledge and sharing what LearnUpon has to offer with more companies in the United States.”
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