Danish company LMS365 has secured $20 million in its first institutional round of funding, with participation from New York-based Blue Cloud Ventures, Singapore’s Kamet Capital, and existing shareholders. According to CEO Rasmus Holst, LMS365’s core selling point is its ability to embed a learning management system directly into workers’ core everyday tools, which sets it apart from incumbents in the LMS space. As Holst explained, “LMS365 does not invent a technology problem, but meets the professionals where they are.”
LMS365’s course creator and learning module builder allows users to create their own courses from scratch or import them from third-party providers like Go1 or LinkedIn Learning. In addition, users can drag and drop elements from existing content housed in Microsoft Office software, including PowerPoint, Word, and Stream. According to Henrik Jeberg, chief strategy officer of LMS365, the company plans to use the fresh injection of capital to expand its global footprint through strategic acquisitions, including product development.
LMS365 focuses on Microsoft due to the platform’s expansive software suite that spans hosting, communication/collaboration, and big data insights. Technically, its corporate name remains Elearningforce, but the company transitioned to the LMS365 brand back in 2015 to reflect its focus on Microsoft.
The first external investment of LMS365 was led by Blue Cloud Ventures of New York, with the involvement of Kamet Capital of Singapore and existing shareholders. The company plans to use its fresh cash injection to double down on its global growth by acquiring distribution partners in the U.S., Germany, and Australia.
The main markets of the LMS365 are the service industry, manufacturing, logistics, automotive, healthcare and government, with typical customers being SMEs with 200 to 1,000 users. According to Holst, LMS365’s platform is easy to access and is placed in an app that millions use every day, making it an ideal solution for new hires who can be onboarded directly through Microsoft Teams or for ongoing training in all manner of disciplines, from customer service to managing mental health.