PRESS INFORMATION ISSUED ON BEHALF OF:
Docebo
Via Toledo 156, 80134, Napoli (NA) - Italy
Phone: +39.039.2323286; Web:
http://www.docebo.com/
Docebo Raises US$3M from Klass Capital to fuel North American
Expansion
Athens, Georgia, USA, February 13, 2015 - Docebo has raised
$3m in growth equity from Klass Capital to accelerate the growth of
its SaaS enterprise E-Learning platform. This is Docebo's second
venture backed financing round, originally funded by a leading
Italian Venture Capital firm Principia SGR.
Docebo (Latin for 'I will teach') provides a Corporate Learning
Management System (LMS) that enables organizations of all sizes to
plan, deliver, track and certify online and classroom training
activities. Docebo plans to use the funds to invest in its North
American expansion and finance the continued development of its
e-Learning ecosystem.
The Company is an international SaaS provider. Over 800
business-to-business (B2B) clients use the system in over 80
countries worldwide (including Bloomberg Institute, Thomson Reuters,
FreshBooks and Autodesk, among others) and it is available in over
30 languages. The Company has offices in the United States, Italy
and Dubai.
'We discovered Docebo while studying the Corporate LMS space, which
is a $3bn market opportunity. We were surprised by how rapidly the
Company was able to scale revenues internationally without
necessarily meeting many of their enterprise clients in person,'
commented Daniel Klass, President of Klass Capital.
Claudio Erba, CEO of Docebo, attributes the Company's success to two
things: the ease-of-use and intuitive design of its platform, along
with its proprietary sales and marketing process. According to
Claudio, Docebo's 'secret-sauce' consists of a multi-channel
customer relationship strategy and engine.
'Our system enables the team to ensure that all requests are
followed-up rapidly and that customers' needs are addressed by our
highly qualified pre-sales teams. We're able to onboard and support
customers virtually in an effective manner, which is essential for
our global strategy,' added Claudio.
Alessio Artuffo, COO for Docebo North America, further added, "Given
the rapid growth of Docebo's business in the UK and North America in
the past two years, we find this partnership highly strategic and
aligned with our long-term goals and objectives for the global
market. We are extremely excited and feel very fortunate to partner
with Klass to further accelerate such growth and ultimately continue
building our teams and outstanding services for our customers.'
'Docebo has always taken a user experience (UX) driven approach to
developing its software, which stems from our design team's culture
- the design team being based in Italy. Our LMS is user-friendly and
has a modern look and feel that is consistent across all devices,
including mobile and tablet,' said Claudio.
"Most of our customers have very specific needs when it comes to
their training programs. Docebo is the only Enterprise LMS that
allows a highly modular approach to training implementation. Thanks
to our proprietary web apps marketplace our customers virtually
'assemble' the LMS according to their requirements, especially in
self-provisioning. With this approach our customers benefit from
increased usability and adoption, and hence ROI."
Over the past year Daniel and Claudio have built a strong
relationship, communicating over phone and Skype. Daniel met Claudio
last fall for the first time when travelling to Italy with his
family.
'During our initial meeting in Italy I was very impressed with
Claudio, his partners, and I bought into his vision for scaling the
business internationally. I quickly understood the need that
medium-to-large organizations had for a comprehensive highly
customizable e-Learning system for developing employees' skills and
ensuring corporate compliance,' said Daniel. 'Klass Capital is
extremely excited to partner with Claudio, Principia SGR and support
the business as it executes its growth plan.'
About Docebo
Docebo is a Cloud E-Learning solutions provider that is
revolutionizing the online training market with its SaaS LMS. Docebo
has been ranked in the world's Top 10 for SaaS E-Learning solutions
providers, and in the Top 3 for B2B LMSs. Docebo is generally
regarded as one of the industry's most comprehensive solutions for
training management, and has been chosen by some of the world's most
respected companies to achieve operational efficiency. For more
information about Docebo, visit its website at
www.docebo.com.
For more information, please contact: Roberta Gogos,
PR@Docebo.com
About Klass Capital
Klass is a growth equity firm established to provide expansion stage
capital to high growth enterprise software businesses. The company's
target equity investment size is between $1m and $20m. Klass moves
quickly, has a collaborative approach, and strongly believes in
adding value to its partners. Klass has built a portfolio of 15 high
growth enterprise software businesses. For more information about
Klass, visit its website at www.klass.com.