News Briefs

LearnOps platform Cognota raises $5.5m in Series A financing.

The round was led by Grotech Ventures, with participation from IDEA Fund Partners, BDC Capital, Generation Ventures, CEAS Investments, Tyton Partners and others.

-
  • Cognota’s LearnOps software helps corporate learning and development teams manage end-to-end operations and measure ROI
  • The round’s proceeds will be used to meet demand from enterprise customers, drive product development and support other priorities
  • Earlier this year, Cognota raised C$1.9 million from the Federal Economic Development Agency for Southern Ontario

Cognota, a Toronto-based a software company focused on developing the LearnOps category, has secured $5.5 million in Series A financing.

The round was led by Grotech Ventures, with participation from IDEA Fund Partners, BDC Capital, Generation Ventures, CEAS Investments, Tyton Partners and angel investors Neal Dempsey and Jay Steinfeld.

Earlier this year, Cognota raised C$1.9 million from the Federal Economic Development Agency for Southern Ontario.

Cognota’s LearnOps software helps corporate learning and development teams manage end-to-end operations and measure ROI. The technology integrates workflows, such as intake and program management, with budget and resource allocation data, and then uses analytics to help customers make better decisions.

The round’s proceeds will be used to meet demand from enterprise customers, drive product development and launch a LearnOps certification program for the company’s community members.

“With Cognota, what used to take months can now be done in days,” said Steve Fredrick, general partner at Grotech Ventures, in a statement.

Cognota customers report seeing the time it takes to respond to training requests cut down by 90 percent, in addition to the time it takes to manage learning projects down by 70 percent, and at half the cost of current disparate processes.