About Absorb LMS
Absorb LMS is a company based in Calgary (Canada) founded in 2003 by Mike Owens was acquired by Welsh, Carson, Anderson & Stowe in April 2021.. Absorb LMS has raised $59 million across 1 funding round from investors including Welsh, Carson, Anderson & Stowe and Silversmith. Absorb LMS has completed 5 acquisitions, including Koantic, Together and Torch LMS. Absorb LMS offers products and services including Absorb LMS and Course Authoring Tools. Absorb LMS operates in a competitive market with competitors including Instructure, D2L, Degreed, Docebo and CoachHub, among others.
- Headquarter Calgary, Canada
- Founders Mike Owens
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Absorb Software Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59 M (USD)
in 1 rounds
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Latest Funding Round
$59 M (USD), Series B
Sep 06, 2017
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Investors
Welsh, Carson, Anderson & Stowe
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Koantic
& 4 more
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Acquired by
Welsh, Carson, Anderson & Stowe
(Apr 20, 2021)
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Products & Services of Absorb LMS
Absorb LMS offers a comprehensive portfolio of products and services, including Absorb LMS and Course Authoring Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered platform for creating and delivering training courses.
Tools for building and publishing online training materials.
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Funding Insights of Absorb LMS
Absorb LMS has successfully raised a total of $59M through 1 strategic funding round. The most recent funding activity was a Series B round of $59 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $59.0M
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First Round
First Round
(06 Sep 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - Absorb LMS | Valuation | Silversmith |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Absorb LMS
Absorb LMS has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Welsh, Carson, Anderson & Stowe and Silversmith. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in technology and healthcare sectors
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Founded Year | Domain | Location | |
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Healthcare and technology sectors are targeted for private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Absorb LMS
Absorb LMS has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Koantic, Together and Torch LMS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Corporate mentorship programs are managed through a dedicated platform.
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2019 | ||||
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Cloud-based authoring tool for interactive eLearning courses is offered.
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2015 | ||||
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Learning management system
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Absorb LMS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Absorb Lms Comparisons
Competitors of Absorb LMS
Absorb LMS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Instructure, D2L, Degreed, Docebo and CoachHub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based learning management systems are provided for educational courses.
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| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
E-learning services and technologies are developed for corporates and governments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Absorb Lms
Frequently Asked Questions about Absorb LMS
When was Absorb LMS founded?
Absorb LMS was founded in 2003 and raised its 1st funding round 14 years after it was founded.
Where is Absorb LMS located?
Absorb LMS is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Absorb LMS?
Kimberly Williams is the current CEO of Absorb LMS.
Is Absorb LMS a funded company?
Absorb LMS is a funded company, having raised a total of $59M across 1 funding round to date. The company's 1st funding round was a Series B of $59M, raised on Sep 06, 2017.
What does Absorb LMS do?
Absorb LMS was founded in 2003 in Calgary, Canada, as a provider of web-based learning management systems targeted at corporate clients. Core operations encompass course authoring, content administration, user authentication, administrative reporting, role definitions, registration handling, and support services. The platform serves organizations in the education and training sector, with notable users including Adobe, Rolls-Royce, Oakley, New York University, EFI, and NASM.
Who are the top competitors of Absorb LMS?
Absorb LMS's top competitors include Instructure, CoachHub and D2L.
What products or services does Absorb LMS offer?
Absorb LMS offers Absorb LMS and Course Authoring Tools.
How many acquisitions has Absorb LMS made?
Who are Absorb LMS's investors?
Absorb LMS has 2 investors. Key investors include Welsh, Carson, Anderson & Stowe, and Silversmith.
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