LMS365, a Danish online learning management system (LMS) built for use inside Microsoft products, has secured $20 million in its first institutional funding round. This investment will enable the company to further accelerate its global growth and expand its presence in key markets.
A Look at LMS365’s Background
Founded by dentist Bjarne Mortensen in 2003, Elearningforce initially focused on on-premise deployments of Microsoft SharePoint. Over time, the company evolved into a cloud-based product with support for Teams and Microsoft 365. In 2018, Mortensen retired, and his stake was sold to entrepreneur Johan Wedell-Wedellsborg and Ole Kristoffersen and Steen Skallebæk, founders of Danish bakery chain Ole & Steen.
The company’s name change to LMS365 in 2015 reflected its focus on Microsoft products. CEO Rasmus Holst joined the company last year from secure messaging company Wire, where he previously served as chief revenue officer.
Why Microsoft?
According to Holst, targeting training delivery through Microsoft was a deliberate choice due to the software giant’s expansive ecosystem and global reach. "It’s [Microsoft software] a global, coherent market of 350 million users — so our platform is easy to access and is placed in an app millions use every day," he explained.
LMS365’s Key Features
The LMS365 course creator and learning module builder allow users to drag-and-drop elements from existing content housed in Microsoft Office software, including PowerPoint, Word, and Stream. Alternatively, they can import pre-existing courses or quizzes constructed elsewhere and stored in the SCORM or AICC format.
From the end-user perspective, new hires can be onboarded directly through Microsoft Teams, while ongoing training can be provided in various disciplines, from customer service to managing mental health. Managers can track learner progress and present relevant data using LMS365’s analytics features.
M&A Strategy
LMS365 plans to use its new funding to make strategic acquisitions, including those related to product development. "We will use M&A strategically going forward," Holst stated. This approach is designed to accelerate the company’s growth and expand its offerings in key markets.
What’s Next for LMS365?
With $20 million in fresh capital, LMS365 is poised to further establish itself as a leading player in the online learning management system market. As it continues to grow, the company will focus on expanding its presence in key markets and enhancing its offerings through strategic acquisitions.
LMS365’s Partnerships
- Microsoft
- Various education institutions
- Businesses seeking to upskill their employees
LMS365’s Key Features
- Course creator and learning module builder
- Analytics features for managers
- Support for SCORM and AICC formats
- Integration with Microsoft Office software (PowerPoint, Word, Stream)
Key Markets for LMS365
- Education sector
- Corporate training
- Government agencies
LMS365’s Competitive Advantage
- Strong integration with Microsoft products
- User-friendly interface
- Robust analytics features
