A firm standardizing online training for global brands, Coassemble recently made an announcement that it had secured an investment of $4.4 million in Series A funding. The funding was led by Equity Venture Partners (EVP) and advised by Clinton Capital Partners. With this funding, the total amount raised to date by Coassemble moves up to $6.6 million.
Coasemble has hit the markets as one of the fastest-growing tech companies emerging out of Australia and is expected to turn into an early leader in a market likely to hit the $113.8 billion mark globally by the year 2022. It is democratizing online training to support swift development in technology and mid-market organizations. The online training provider brings in easily-customizable micro-learning modules in place of the conventional instruction manual-based training method. Team leads in HR, IT, sales, marketing, and customer support can easily control and track progress on both new-employee programs and continuing development modules.
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A firm that was bootstrapped for a large portion of its corporate lifecycle, the latest funding secured will help with its product development and sales & marketing operations, in addition to scaling endeavors. Coassemble’s focus lies in making online training affordable for teams of all sizes around the globe
Ryan Macpherson, CEO of Coassemble said, “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. 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.”
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Investment director at EVP, Justin Lipman said that Coassemble had constructed an outstanding product with its industry experience of around 20 years and that EVP was honored to be able to lead the capital raise for the firm.
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