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Today, we’re thrilled to announce our Series C funding led by Salesforce Ventures, Slack Fund, and Susa Ventures. Hear from Ted Blosser, WorkRamp’s CEO and Co-founder, on how we’re reshaping the corporate learning category.
When Arsh and I started WorkRamp, we envisioned a future where every professional and business would reach their full potential through learning. Today marks a major milestone toward achieving that goal: we are thrilled to announce our $40M Series C funding.
We welcome our lead Investors, Salesforce Ventures, Slack Fund, and Susa Ventures, with previous investors, OMERS Ventures, and UpHonest Capital participating. We’ve also secured investments from top leaders in the HR and Go-To-Market categories through PeopleTech Angels, GTMfund, and Jack Altman, CEO and Co-founder of Lattice.
This latest round brings WorkRamp’s total funding to over $67M, and it follows a year of tremendous momentum for the company. In 2021, we tripled our year-over-year revenue, and our customer base now includes more than 300 of the world’s leading mid-market and enterprise businesses. Global brands including Box, Workiva, and Outreach already trust WorkRamp to empower their workforces, with new customers like Hopin, GRIN, and Vanta joining us this past year.
Learning is a growth engine
Here at WorkRamp, we know that talent sits at the heart of the success of businesses. The world’s fastest-growing and successful companies are underpinned by teams of satisfied, informed, and productive people. On the other hand, when a company is experiencing growing pains and missing targets, it is often linked to an unmotivated and frustrated workforce. We firmly believe that when organizations can provide stellar and engaging learning opportunities for their people, teams become unstoppable. Learning becomes a growth engine for the entire business.
WorkRamp helps companies unlock their true growth potential, exceed revenue targets, and attract and retain top talent by putting the needs and demands of people at its core. From a best-in-class interface that learners enjoy using to our all-in-one integrated platform and analytics that allow teams to directly correlate learning to business results, WorkRamp is there for people at every stage.
Driving business impact through learning
We are on a mission to change the corporate learning category by tying learning to concrete and measurable business impact.
As a testament to the impact of our platform, Reddit has decreased the time it takes to train new sales recruits by a third while improving employee satisfaction scores. Career network and management platform Handshake has seen the same increases when training sales staff while boosting its average deal size by 15 percent and doubling its revenue since partnering with WorkRamp. And Quantum Metric was able to train and certify 75 percent of its customers on product offerings by deploying WorkRamp for customer education.
“The learning and development sector has been dominated by legacy solutions, but WorkRamp brings a new platform that companies are already seeing amazing results from,” said Chad Byers, General Partner, Susa Ventures. “As businesses of all sizes struggle with the real challenge of attracting and retaining the best candidates to their teams, companies realize that learning is a key strategic investment you can make in your team and future growth. We have been really impressed by the rapid growth of WorkRamp and believe it is setting a new standard in learning and development.”
Continued product and customer innovation
Over the last 12 months, we’ve released 18 major features, and 32 enhancements across our all-in-one platform offering. These features include a new template marketplace, collaborative content creation, and a multitude of enhancements on our extended enterprise product.
“WorkRamp provides a singular, centralized platform that allows us to build training that can be deployed for onboarding and employee training, and externally to our customers via Branch University,” said Tim Chingos, Sr. Director of Business Ops at Branch. “WorkRamp also has an amazing team that’s very dedicated to taking care of their customers.”
With this new funding, we’ll be investing in continued product innovation, ramping customer success programs, expanding the team across departments, building community, and reshaping the narrative of the corporate learning category.
First, we want to thank our customers. Every customer has played a significant role in helping us get here. We will continue to invest in our customer community, as well as customer resources and success during the next phase of our journey. We also want to thank our partners and investors — thank you for believing in our vision. And last but certainly not least, we thank our employees. We couldn’t do it without the amazing and talented people at WorkRamp.
We’re excited about what’s to come!
Watch our Series C funding announcement video!
See our Press Release
Check out the coverage on Venture Beat
Read more from Susa Ventures
Read more from OMERS Ventures
Great Place to Work® Names WorkRamp One of the Fortune Best Workplaces for Women™ in 2022 September 27, 2022
3 Sales Enablement Tools For Your Sales Team September 26, 2022
How to Stay Competitive in an Ever-Evolving Market September 23, 2022
How to Use Learning Content to Train, Upskill, and Reskill Your Team September 21, 2022
The Benefits of Blended Learning September 19, 2022
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