Goodwin Procter advised JMI Equity on the deal.
OpenSesame, a market-leading SaaS global elearning innovator, announced a $50 million investment led by JMI Equity, a growth equity firm focused on investing in leading software companies, with participation from existing investors FTV Capital and Altos Ventures. This growth investment will strengthen OpenSesame’s ability to accelerate its global expansion, extend its technology platform through product-led M&A, and continue adding value for its global customers.
As a result of COVID-19 and the dawn of the work from home era, companies around the world were forced to rethink the way they train and develop their organizations. With remote workforces, organizations accelerated their adoption of online learning and employee development programs, with a particular surge in demand for more training on topics such as diversity, equity, and inclusion (DEI), leadership development, enabling a safe working environment, and wellness in the workplace. OpenSesame’s comprehensive catalog of 20,000+ elearning courses, in over 19 languages, and new courses from world-class content partners such as TED and Harvard Business Publishing, is the most complete and indispensable solution for global and remote workforces across all industries.
OpenSesame will accelerate its investment in partnerships and technology to provide customers access to even more high-quality courses. The company adds exclusive courses by connecting the world’s best content developers and top subject-matter experts with its own curation team to produce courses that address the unmet training needs of today’s virtual and diverse workforces. OpenSesame has developed technology allowing learning administrators to create custom learning paths for each learner with AI-curated course lists. OpenSesame’s Simon™ platform allows learning professionals to create engaging online training courses in multiple languages that integrate with any learning management platform.
OpenSesame helps develop the world’s most productive and admired workforces through powerful online learning in every industry.
JMI Equity is a growth equity firm focused on investing in leading software companies.
The Goodwin team was led by Amy Keller (Picture), Brian McPeake, Devin Spencer and Emily Goldenberg.
Law Firms: Goodwin Procter;
Clients: JMI Equity;