How Much Did Trainual Raise? Funding & Key Investors

Trainual has successfully raised funding over two rounds, with the latest being a Series B involving nine investors, including lead investor Altos Ventures. The platform offers comprehensive training and knowledge management solutions tailored for businesses of various sizes and industries.

Keep reading to explore the intricacies of Trainual's fundraising journey and the investors backing this innovative platform.

What Is Trainual?

Trainual, a private company based in Scottsdale, Arizona, specializes in SaaS solutions for small and medium businesses. Founded to help businesses create playbooks for training and growing their teams, Trainual has grown to employ between 101-250 people.

The platform is designed to document processes, drive consistency, and reduce mistakes, making information easily accessible. Trusted by over 10,000 high-performance teams in more than 150 countries, Trainual offers features like SOP documentation, AI content generation, role-based training, and real-time collaboration.

How Much Funding Has Trainual Raised?

1. Series A
   • Amount Raised: USD 6,750,000
   • Date: December 2019
   • Lead Investors: 4490 Ventures, MATH Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To invest in sales and marketing to reach more small businesses and to leverage the product's positioning to help businesses adapt to remote work during the pandemic.
2. Series B
   • Amount Raised: USD 27,000,000
   • Date: June 2021
   • Lead Investors: Altos Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the product to automate the creation of business playbooks, expand customer support and product capabilities, and grow the team by adding 50+ roles.

Total amount raised: USD 33,750,000. Current valuation: Not publicly disclosed.

Key Investors

• Altos Ventures
  • Details: Altos Ventures is a venture capital firm that invests in early and growth-stage technology companies. They led Trainual's Series B funding round.
  • Investment Focus Areas: Technology companies, early-stage, growth-stage.
  • Notable Investments: Roblox, Coupang, SendBird.
• Daymond John
  • Details: Daymond John is the CEO of The Shark Group and is well-known for his role on the TV show "Shark Tank." He participated as a new investor in Trainual's Series B round.
  • Investment Focus Areas: Branding, marketing, consumer products.
  • Notable Investments: Bombas, Bubba's-Q Boneless Ribs, Sun-Staches.
• Rony Kahan
  • Details: Rony Kahan is the Co-Founder and Chairman of Indeed, a major job search engine. He joined as a new investor in Trainual's Series B round.
  • Investment Focus Areas: Technology, job search platforms.
  • Notable Investments: Indeed.
• 4490 Ventures
  • Details: 4490 Ventures is a venture capital firm that invests in early-stage technology companies. They were involved in Trainual's Series A funding.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: EatStreet, Abodo, Bright Cellars.
• MATH Venture Partners
  • Details: MATH Venture Partners is a venture capital firm that invests in early to growth-stage technology companies. They participated in Trainual's Series A funding.
  • Investment Focus Areas: Early to growth-stage technology companies.
  • Notable Investments: SpotHero, G2 Crowd, Built In.

What's Next for Trainual?

Trainual is poised to seize significant opportunities by expanding its support for customers and enhancing its core product. With plans to add thousands of certified consultants and create technology and events to empower business leaders, the company is set to make a substantial impact on small businesses globally. The $27 million Series B funding will enable Trainual to hire over 50 new roles, further driving innovation and market reach.

Future fundraising opportunities appear promising, given the successful Series B round and the company's ambitious growth plans. Trainual may attract additional investments to support further expansion and product development. However, the company will need to navigate challenges such as maintaining product relevance, managing rapid growth, and competing with other SaaS platforms. Ensuring consistent product quality and customer satisfaction will be crucial as Trainual scales its operations.

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