Continu Secures $13.5M in Funding Led by Five Elms

November 15, 2023

Continu raises $13.5M in a funding round led by Five Elms, marking a significant milestone in its growth and expansion plans.

Choosing an LMS

We’re excited to announce that Continu closed a $13.5M Series A investment led by Five Elms Capital, with ongoing participation from existing investors Reformation Partners and Geoffrey T. Barker (Chairman of Smartsheet). 

At Continu, our focus has always been on our customers - striving to build the best learning experience that will solve their evolving challenges. We don’t see fundraising as a milestone, but rather a way to move faster towards our goal of being the single-source-of-truth for all learning.

The Investment

As we move to a dispersed workforce, it’s never been more apparent that companies need better learning experiences to train their remote employees or customers. With the ever-growing war for talent, upskilling and enabling employees and customers is even more critical for the future success of businesses across all industries.

With this new investment, we at Continu look forward to building on our vision to reimagine meaningful learning by expanding our global team and scaling our product offerings even further. 

“10 years ago, we had a simple goal - to make workplace learning accessible and enjoyable for everyone. Over the past decade, we have worked tirelessly with enterprises to help train and upskill their teams and customers. With this new round of capital, we’re excited to bring Continu to even more organizations as we expand both our product offerings and our teams.” said Scott Burgess, CEO of Continu.

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The Growth

Continu has seen over 200% year-over-year revenue growth, and our team has grown over 400% in the past nine months. Some of our noteworthy customers include Slack, GoPro, Impossible Foods, OneMedical, US Foods, Upwork, and many others.

“Continu’s impressive growth – both in revenue and team members – speaks volumes to its mission-critical product that is solving real pain points for its customers,” added Stephanie Schneider, Partner at Five Elms. “We are excited to partner with Continu and double down on the company’s commitment to delivering a high-quality product to its customers while attracting and retaining best-in-class talent.” 

“Continu is so compelling because it powers learning both inside and outside an organization,” added David Rogg, Partner at Reformation Partners. “Major enterprises sign up with Continu for an internal use case, and thanks to the robustness of the software, quickly expand to make Continu the learning system-of-record for external stakeholders as well. This enables Continu to reach a wide population of end-users, well beyond the four walls of their clients.”

As Continu looks to scale its team, the company is dedicated to maintaining its remote-first culture. “Given our mission to be the single source of truth for learning within organizations, Continu is dedicated to attracting and developing world-class talent and continuing to build our highly collaborative, winning culture”, said Scott Burgess. 

About Continu

Continu is the World’s First Learning Amplification Platform™ helping enterprises take workplace learning to the next level. As a software as a service (SaaS) platform, Continu helps companies with training internal and external users, learning automation, content authoring, and real-time training measurement. 

About Five Elms

Five Elms Capital is a leading growth investor in world-class software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. Five Elms maintains offices in North America and Europe and invests in the best software platforms globally.

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About the Author
Scott Burgess, CEO of Continu
Scott Burgess

Scott is the Founder & CEO of Continu, a Modern Learning Management System used by some of the world's fastest-moving companies. Scott is passionate about building products that help people work better together.

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