• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Venture Capital Matters

#VentureCapital: VC meets social media

  • Pitch a Startup
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Coassemble Lands $4.4M Series A Funding Round to Democratize Online Training for Business

February 20, 2020 By 3v.org Leave a Comment

Coassemble, a company democratizing online training for global brands, has announced a $4.4M Series A funding round led by Equity Venture Partners (EVP) and advised by Clinton Capital Partners. Bootstrapped for a large portion of its corporate lifecycle, this round brings the total funding raised by Coassemble to $6.6M.

Coassemble will use the funding to grow its product development, sales and marketing teams, with a focus on scaling its U.S. headquarters in Denver, Colorado.

Coassemble replaces the traditional instruction manual-based training approach with easily customizable micro-learning modules. Team leads in IT, customer support, sales, marketing and HR can administer and track progress on both new-employee programs and continuing development modules.

The online training provider has emerged as one of the growing number of technology companies to emerge out of Australia and has become an early leader in a market expected to grow to $113.8B globally by 2022, according to research by Technavio. The company is focused on making online training affordable for teams of all sizes, and is priced accordingly to democratize the market.

“We have always been passionate about making online training accessible to all kinds of teams, with the user at the heart of everything we do,” said Coassemble CEO Ryan Macpherson. “This funding round will help us execute our vision at an accelerated rate. The expertise, perspective and relationships of Equity Venture Partners will help propel Coassemble towards becoming a market leading go-to training platform.”

Modernizing Online Training to Support Rapid Mid-Market & Technology Clientele

Coassemble is modernizing online training to support rapid growth in mid-market and tech companies. The platform’s learner-first design has won it a 99% user retention rate since inception. In the past year alone, Coassemble has doubled its year-over-year monthly recurring revenue (MRR) and doubled its customer base.

“Coassemble has built an exceptional product borne out of two decades of industry experience,” said Justin Lipman, investment director at EVP, who will also be joining the Coassemble board of directors. “Internal knowledge share and corporate learning represents a significant and growing global market opportunity and Coassemble is at the forefront of innovation in this space. We’re privileged to be able to lead the capital raise and are looking forward to working alongside the team as they continue to deliver their solution globally.”

“Many Australian companies aspire to grow internationally. Coassemble has proven that with the right product and team, aspirations can be delivered,” said Randolf Clinton, principal at Clinton Capital Partners. “The team’s expertise, their passion to simplify online learning and their strong product vision will lead Coassemble into significant global traction.”

To learn more about Coassemble, visit coassemble.com.

About Coassemble
Coassemble makes it simple for teams to share knowledge. Coassemble’s online training platform empowers users with an intuitive learning environment. Geared towards mid-market and technology-based companies, Coassemble integrates with Slack, Shopify and other popular apps, creating an organic workflow that leads to more engaged teams and the ability to grow cohesively at scale. Based in Australia and Denver, CO, Coassemble is leading the new generation of online training. Visit us at coassemble.com.

Related

Filed Under: PR Tagged With: Online Training

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

RSS Market Research Media

  • America’s 100 largest housing markets are overpriced
  • How do media companies perform in digital transformations?
  • A six-step forecasting methodology
  • New skills will be required for the future world of work
  • Two biggest barriers to wider adoption of XR are user experience and limited content
  • The current market value for AR/VR/MR is around $30.7B, and the worldwide market may rise to $300B by 2024
  • Global asset classes compared by market cap in 2021
  • Russian oil production succumbing to the impact of Western sanctions
  • Russia’s default on its foreign debt is around the corner
  • BRIC Investment Funds Have Taken a Beating This Year

RSS Market Analysis

  • Another pandemic may be on the horizon: antimicrobial resistance
  • Low-carbon fuels will be essential for decarbonization
  • Blue hydrogen becoming increasingly cost competitive
  • The construction industry is responsible for 11% of the world’s man-made carbon emissions
  • Military Applications of Quantum Technology
  • New Technologies to Disrupt Traditional Renewable Fuels
  • Australia approves a drought-tolerant genetically modified strain of wheat for use in food
  • The Pentagon’s FY2023 budget request for hypersonic-related research is $4.7 billion
  • Middle East and North Africa region’s economies grew by 5.8% in 2021
  • Job openings hit a record high March

RSS Technologies

  • Cloudflare Unveils New SQL Database Offering
  • Cloudflare announces Workers for Platforms
  • Intel is rolling out new processors designed for data centers
  • EU moves to wean itself off Russian fossil fuels
  • A New Hydrogen-Powered Behemoth
  • BAE Systems to Bring Next-Generation Electric Drive System to Heavy-Duty Industrial Vehicle Market
  • MEMS Speakers Are Replacing Balanced Armature Speakers
  • Trends in data and analytics
  • Apple takes another step towards EV development
  • French company captures methane leaking from abandoned mines

Copyright © 2018 3V.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT