- Trainual, a leader in the Business Knowledge Transfer market, announced it raised $6.75 million in Series A funding
Trainual — a leader in the Business Knowledge Transfer market — announced it has raised $6.75 million in a Series A round of funding led by 4490 Ventures and MATH Venture Partner.
This round of funding will be used for accelerating product development, growing customer success resources, and expanding and diversifying its global marketing initiatives. And Trainual is used by a wide spectrum of vertical industries and is deployed at more than 3,000 organizations in over 100 countries globally.
“Business has never moved faster than it does today. If you want to keep up with the pace, you can’t spend time worrying about who is fully trained or whether everyone is operating from your playbook,” said Trainual founder and CEO Chris Ronzio. “4490 Ventures and MATH Venture Partners bring incredible B2B SaaS expertise, and we’re excited to collaborate with them as Trainual continues to scale around the world.”
And the Trainual platform is used for helping businesses organize the chaos of onboarding and training by making it easy to design interactive training manuals, test employee knowledge, and build scalable processes.
“Trainual is a powerful example of a new kind of startup we’re seeing disrupt legacy industries,” added 4490 Ventures managing director Greg Robinson. “The Trainual platform is focused on ensuring employees have the real-time knowledge and tools necessary to succeed. Great companies know the value of educating and empowering their employees, and Trianual makes that all possible with its easy to use and flexible software solution.”
Digitally native workforces continue to expedite the fundamental shift away from legacy training and paper-based onboarding processes and the streamlined convenience of Trainual’s SaaS-based technology platform is gaining traction around the world.
Trainual was built on a passion to help entrepreneurs and business leaders succeed. And the company was built on a passion to help entrepreneurs and business leaders succeed.
Trainual has experienced over 500% year-over-year growth in 2019 in addition to winning the 2019 Most Promising Startup award at this October’s DesTechAZ event.
“Trainual’s impressive pace of customer adoption validates our investment thesis that those with an unfair customer acquisition advantage will outperform the rest of the market,” explained MATH Venture Partners managing director Troy Henikoff. “With a team that stays focused on the customer first, and maps the product to fit a new demographic of technology-centric businesses, Trainual is positioned to scale into the global leader in online training.”
With the funding round, the company is planning to hire an additional 50 employees by the end of 2020.