{"id":10977,"date":"2019-04-24T16:55:15","date_gmt":"2019-04-24T20:55:15","guid":{"rendered":"https:\/\/news.elearninginside.com\/?p=10977"},"modified":"2019-04-29T07:20:17","modified_gmt":"2019-04-29T11:20:17","slug":"lms-developer-northpass-takes-in-4-million-series-a-from-edison-partners","status":"publish","type":"post","link":"https:\/\/news.elearninginside.com\/lms-developer-northpass-takes-in-4-million-series-a-from-edison-partners\/","title":{"rendered":"LMS Developer NorthPass Takes in $4 Million Series A from Edison Partners"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Northpass, a corporate-facing learning management system (LMS) developer announced on April 24 it had secured $4 million in Series A funding from Edison Partners. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It seems today that one doesn\u2019t hear about LMS developers securing funding rounds too often. The sector has been churning since the \u201890s and contains numerous incumbents that appear firmly intrenched and unassailable. What\u2019s more, the pool of emerging users is tiny and growing smaller. Lead capture among LMS providers today comes more often than not from businesses or institutions dissatisfied with their current LMS in search of a better platform. But despite this, corporate LMS provider Northpass took in a $4 million Series A this week.<\/span><\/p>\n<h2>Northpass Secures Funding In a Familiar Sector<\/h2>\n<p class=\"p1\"><span class=\"s1\">\u201cModern learning tools have become essential for enabling today\u2019s front-line teams,\u201d says Steve Cornwell, founder and CEO of Northpass, in a news release. \u201cIt\u2019s all about enablement. High-growth companies need seamless onboarding, increased retention, and improved customer satisfaction. Northpass gives stakeholders the skills needed to truly drive business success.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The company, formerly known as SchoolKeep, has been in operation since 2013. Business operations accelerated in 2018, and the company reported 100% revenue growth. Their clients include Uber, Square, Shopify, Lyft, and AirBnb. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cBy aligning learning with business performance, Northpass is setting itself apart from competition,\u201d says Tom Vander Schaaff, General Partner of Edison Partners. \u201cNorthpass has a clear vision, relentless work ethic, and a culture built on strong values. We\u2019re proud to partner with Northpass and offer the Edison Edge platform to accelerate their already exponential growth.\u201d<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">The LMS Is Not Dead<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">While man have mused about the future (or eventual death) of the LMS and talent development specialist Josh Bersin <a href=\"https:\/\/www.chieflearningofficer.com\/2019\/01\/03\/a-whole-new-world-of-learning\/\"><span class=\"s2\">has declared<\/span><\/a> that \u201cthe end of the LMS as we know it is coming,\u201d the situation is hardly cut and dried. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Wikipedia page dedicated to LMSs begins its History subsection in the 18th century with the birth of correspondence courses. While that may be a moot point to some, it goes to show that someone today might be hard-pressed to come up with a satisfactory definition of \u2018learning management system.\u2019<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The LMS brand has also grown slightly dusty. That is hardly surprising considering they emerged in the era that saw the rise of the PDA and the flight from mainframe to personal computer. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Today, many LMS providers instead brand their products as \u2018learning ecosystems\u2019 or \u2018customizable white-label SaaS platforms.\u2019<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">At the end of the day, however, most still deliver instructional content, allow for communication (via a forum or even videoconferencing), track performance and module completion, and provide analytics. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Have LMSs changed since they first emerged in the mid-1990s? Absolutely. But despite the inclusion of more involved multimedia content hosting, the migration from in-house to cloud servers, increased cybersecurity measures, and expanded analytics reports, the LMS soul remains intact. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Northpass\u2019s Series A funding round underscores this point. LMSs continue to be relevant and necessary in the world of corporate training. There are still improvements, updates, and value propositions to be made.<\/span><\/p>\n<p><em>Featured Image: Mimi Thian, Unsplash.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northpass, a corporate-facing learning management system (LMS) developer announced on April 24 it had secured $4 million in Series A funding from Edison Partners. It seems today that one doesn\u2019t hear about LMS developers securing funding rounds too often. The sector has been churning since the \u201890s and contains numerous incumbents that appear firmly intrenched [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":10979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,6,4],"tags":[],"class_list":["post-10977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-editors-picks","category-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LMS Developer NorthPass Takes in $4 Million Series A from Edison Partners - eLearningInside News<\/title>\n<meta name=\"description\" content=\"Northpass, a corporate-facing learning management system (LMS) developer announced on April 24 it had secured $4 million in Series A funding from Edison Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.elearninginside.com\/lms-developer-northpass-takes-in-4-million-series-a-from-edison-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LMS Developer NorthPass Takes in $4 Million Series A from Edison Partners - 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