Tech Company Financing Transactions
Absorb Software Funding Round
On 9/7/2017, Absorb Software raised $59 million in funding from Silversmith Capital Partners and private investors.
Transaction Overview
Company Name
Announced On
9/7/2017
Transaction Type
Venture Equity
Amount
$59,000,000
Round
Undisclosed
Investors
Silversmith Capital Partners (Lead Investor) (James Quagliaroli)
Proceeds Purpose
The investment will be used to accelerate development of Absorb's innovative flagship product, Absorb LMS. Absorb LMS helps learning and development teams better train, retain, and manage both internal employees and external stakeholders such as customers, channel partners, franchisees, and membership associations.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
1011 9 Ave. SE 275
Calgary AB, T2G 0H7
Canada
Calgary AB, T2G 0H7
Canada
Phone
Website
Email Address
Overview
Absorb Software is a learning technology company based in Calgary with a subsidiary in Dublin, Ireland. Absorb's flagship product, Absorb LMS, is an industry leading and award-winning learning management system for businesses, higher education, and government / non-profit agencies around the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Owens
Chief Financial Officer
Mark Simner
Vice President
Jennifer Kennedy
VP - Finance
Heba Musa
VP - Marketing
Jill Adams
VP - Operations
Craig Smith
VP - Product Management
Craig Basford
VP - Sales
Al Kinnear
Browse more venture capital transactions:
Prev: 9/7/2017: Dataiku venture capital transaction
Next: 9/7/2017: Guild Education venture capital transaction
Share this article
News on VC Transactions
We report on all VC transactions involving tech companies. All VC database entries reported here are derived from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs