We’re delighted to announce that Northpass has secured $4 million in Series A funding following a year of phenomenal growth. The round was led by Edison Partners, a New Jersey-based growth equity investor.
In 2018, Northpass achieved 100% revenue growth, onboarded 79 new customers, and saw a 227% increase in monthly active users. We expect to maintain a similar growth trajectory in 2019. Over 200 companies, including Airbnb, Uber, and Shopify, now rely on Northpass to train their stakeholders on their products, policies, and best practices.
Our success is due to the fact that modern learning tools have become essential for enabling today's workforce.
The high-growth companies Northpass aims to serve are looking to empower their stakeholders in truly meaningful ways. Beyond compliance training or off-the-shelf course catalogs, they need faster onboarding, increased retention, and improved customer satisfaction. They need to drive real business outcomes with proprietary learning programs.
They need Northpass.
Unlike legacy learning management systems, Northpass is focused on serving the unique needs of modern organizations. Our platform is built for scale, flexibility, and ease-of-use, and was recognized by Capterra as one of the Top 20 most user-friendly LMS platforms in 2018. Everything, from our product features to our customer success program, is designed to help anyone easily create, deliver, and measure a learning program.
And now, with Edison Partners in our corner, we’re better positioned to serve our customers than ever before. We'll be scaling up our product team - based in Wrocław, Poland - with additional developers, designers, and product managers. These new hires will allow us to accelerate product development and the pace at which we roll out important integrations, all of which will better enable our customers’ success. We'll also be hiring sales development representatives, account executives, and marketing professionals at our New Jersey office in order to accelerate growth and capitalize on our market opportunity.
We’re growing fast and working hard (just like our customers), and we’re excited to push ourselves even further. To everyone who’s been a part of our journey thus far, we thank you. To those who have yet to join, we can’t wait to work with you.
The Northpass Team