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
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- 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.
AI-powered platform for creating and delivering training courses.
Tools for building and publishing online training materials.
People of Absorb LMS
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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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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.
| 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 |
Financial Statements - Absorb LMS
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.
| 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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Frequently Asked Questions about Absorb LMS
Absorb LMS was founded in 2003 and raised its 1st funding round 14 years after it was founded.
Absorb LMS is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Kimberly Williams is the current CEO of Absorb LMS.
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.
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.
Absorb LMS's top competitors include Instructure, CoachHub and D2L.
Absorb LMS offers Absorb LMS and Course Authoring Tools.
Absorb LMS has 2 investors. Key investors include Welsh, Carson, Anderson & Stowe, and Silversmith.