Ottawa, September 13, 2021 (Globe News) – LearnExperts, the creators of the fast-paced course creation platform with Artificial Intelligence (II), has announced the closure of the $ 1.25 million round with the participation of Sand Hill North, MSSS. IAF, and Capital Angel, Maple Leaf Angel, and Georgia Angel Networks, including six female investors.
As demand for digital training solutions erupts, many learning technology companies are reporting a 50 percent growth in the market, which is projected to cost $ 2525 by 2025. LearnExperts will use this investment to accelerate their market leadership in the sector.
After 20 years of learning companies like Cognos, IBM, PTC and Kinaxis, LearnExperts founder Sarah Sidman decided in 2019 to leave the comfort of corporate life and pursue a mission to disrupt the learning space.
“Years ago, when I was in charge of course development, I received a call from the CEO who needed my help because we had customers and released new features quickly, but after our product was released, our training was reduced by six to nine months, which means we could not. “We don’t train our customers to get value right away from our software and we risk losing it as a customer,” he said.
While it may take some months to develop the content and release the courses, the course development process is still manual and very time consuming.
Sedgman’s experiences have led to the development of a digital course creation platform that automatically converts existing content into course. LearnExperts guides the user to create a complete course with the best practices implemented through proprietary artificial intelligence. Starting with existing content that is not intended for learning, the result is a consistent, ready-to-use lesson that seems to have been developed as a professional. LearnExperts takes months to days to create and start a new course.
“We immediately saw the value in LearnExperts and knew we wanted to be a major investor,” said Ryan Henry, a partner at Sand Hill North. “We need innovative technology companies that can better shape the future of our business. The LearnExperts platform saves course creators days and allows them to easily build high-quality consistent courses.
LearnExperts protects large enterprise customers in its first year
When LearnExperts launched forums, the demand was high, and customers immediately sought solutions. Initially, he planned to start a business, but when he did, he decided to accelerate and increase capital. The company is now achieving a stable customer base supported by a listed investment cycle.
“We are impressed with the team’s in-depth domain knowledge and unique solutions to address the challenges of developing content quickly,” said Kevin Saddle, MARSF’s investment director. We look forward to participating in this latest funding round, supporting the team and being part of the LearnExperts journey.
What I love about Sarah is her passion, her leadership, and her energy. What I love about her and her team is that they have done this before in the big tech corporations, ”said Julia LVD, board member of the Capital Angel Network. “We support LearnExperts and believe that they have the right solution at the right time to give special value to the big companies around the world.
“I have been selling software solutions for many years, and when I met Sarah and her team, I saw a great opportunity to immediately offer value in an explosive market,” said Jim Brown, an active Georgia Angel Network investor. “Their system is unique and strong to their marketing strategy, and I look forward to working with Sarah and her team with the necessary advice.
“I would like to thank the Canadian investor community, investment Ottawa and many industry professionals for their great support,” Sedgman said. Our investors are Sand Hill North, Mars SIF, Capital Angel Network, Maple Leaf Angel Network, Georgia Angel Network and Independent Investors Strategic, Intelligent Investors and already great partners.
Learn more at LearnExperts.ai.
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About Sand Hill North
Sand Hill North is a first-class investment company focused on supporting software companies to create solutions that have a positive impact on the B2B space. They are a team of founders and business operators who help with the initial tests. They work with visionary entrepreneurs, run high-growth businesses, and are committed to ethical standards. For more information, please visit https://sandhillnorth.vc/.
About MaRS IAF
The MaRS Investment Acceleration Fund (IFF) is a leading seed level fund investing in IT, health and clean tech companies in Ontario. IF has more than 10 years of experience successfully providing innovative companies with the capital, consulting and networking resources needed to validate ideas and bring products to market. His mission is to keep Ontario’s talent and technology local while helping companies become global. For more information, please visit http://www.marsiaf.com.
About Capital Angel Network
A.D. Founded in 2009, the Capital Angel Network (CAN) has been investing in startups in the National Capital Region over the past decade. Since its inception, CAN members have invested more than $ 30 million in nearly 100 primary companies, 90 percent of which are in the national capital region. This funding has invested more than $ 250 million in government assistance, in addition to other angelic groups and corporate capital funds. The portfolio now sees nine exit points with positive returns for investors. Membership now includes more than 50 angels, 20 percent of whom are women. The group has invested $ 10 million in 10 new and nine consecutive investments. For more information, please visit www.capitalangels.ca.
About Maple Leaf Angel Network
Maple Leaf Angels (MLA) is a non-profit organization and Toronto’s largest angel network. M.L.A. Curbside Mentoring offers weekly and hourly office hours to connect bright and promising entrepreneurs with potential investors who support Canadian startups in Canada. Since its inception in 2007, it has invested more than $ 41 million in 92 companies and has achieved 19 successes. Most of their portfolios are companies that focus on technology, and their angels have invested in many businesses in various industries. They are strategically structured in terms of partnerships, collaborations, sponsorships and geographical location, enabling tomorrow’s leaders and businesses to have a quality flow. For more information, please visit www.mapleleafangels.com.
About Georgia Angel Network
The Georgia Angel Network (GAN) connects angelic investors in Bari, South Georgia Bay, Orenvilleville and Muscaca / Huntsville with entrepreneurs who need equity capital to run their businesses. The role of GAN is to serve as a stimulus for economic development, to facilitate the flow of agreements between accredited investors and high-quality investors, and to invest in investment and education services. Since 2012, GAN members have invested more than $ 20 million in 70 companies through initial financing and ongoing financing. For more information, please visit www.georgianangelnet.ca.