Global eLearning Innovator OpenSesame has Received $50 Million Strategic Growth Investment from JMI Equity and Existing Investors
OpenSesame | July 28, 2021
OpenSesame, a market-leading SaaS global e-learning pioneer, announced a $50 million investment led by JMI Equity, a growth equity company focusing on investing in top software companies, with previous investors FTV Capital and Altos Ventures participating. This expansion investment will help OpenSesame speed its global expansion, expand its technology platform through product-led M&A, and continue to create value for its global customers.
Companies across the globe were compelled to rethink how they train and grow their organizations as a consequence of COVID-19 and the beginning of the work-from-home age. As a result, organizations accelerated their adoption of online learning and employee development programs with remote workforces, with a particular surge in demand for more training on diversity, equity, inclusion (DEI), and leadership development, enabling a safe working environment and workplace wellness. The most comprehensive and essential solution for global and remote workforces across all sectors is OpenSesame's extensive library of 20,000+ e-learning courses in over 19 languages and new courses from world-class content partners such as TED and Harvard Business Publishing.
To offer customers even more high-quality courses, OpenSesame will increase its investment in partnerships and technology. The business adds unique courses by collaborating with the world's finest content producers and subject matter experts, as well as its curation team, to create courses that meet the unmet training requirements of today's virtual and varied workforces. With AI-curated course lists, OpenSesame has created technology that enables learning administrators to build custom learning pathways for each learner. In addition, the Simon platform from OpenSesame enables learning professionals to build compelling online training courses in many languages that connect with any learning management system.
Through effective online learning in every sector, OpenSesame assists in the development of the world's most productive and respected workforce. OpenSesame assists global companies at every step of the process, with the most extensive library of e-learning courses from the world's top publishers. As a result, OpenSesame has gained additional Global 2000 companies to its client base when the workforce is becoming more virtual. With over 20,000 courses available, the platform serves all industries and markets.
About JMI Equity
JMI Equity is a growth equity company that focuses on top software businesses. Since its inception in 1992, JMI has invested in over 155 businesses in its target markets, executed over 105 successful exits, and raised more than $6 billion in committed capital. In addition, JMI works with outstanding management teams to help them grow their companies into industry leaders.