The Little (Big) Engine that Can
Today is another milestone day for our growing US portfolio, as WorkRamp announced a $40M Series C financing led by Salesforce Ventures, Slack Fund, and Susa Ventures, along with new investors from PeopleTech, GTM Fund, and Jack Altman (CEO and Founder of Lattice). We jumped at the opportunity to participate in another round of funding that will enable WorkRamp to reshape what learning means today at scaling companies. We discussed why we made our initial investment here, but having the opportunity to work with Ted and the team over the last year and a half has only made us more excited for what’s ahead. Let me explain.
As investors, we are fundamentally making bets, whether that be in the market, the product, the vision, or potentially something else. For us, it almost always comes down to the team. And importantly, there needs to be a strong ‘founder/ VC’ fit. Ted and I have been really open about how we built our relationship, and why it works.
Ted and Arsh have exceeded all our initial expectations such as tripling revenue year over year, or having global brands like Box and Outreach as customers. But more importantly, it’s their investment in building products that help the team succeed that has us even more excited for the future. It’s through the investment into the team that makes the engine run, that makes the revenue scale, that makes the team come together to allow the company to reach new heights. Without the team, we have nothing and that’s why it’s so critical to have a learning engine that enables the team to do their best work.
The last two years have completely changed the way that companies are built today and will be in the future. As businesses shift to hybrid or remote work environments, the need to enable, educate, and empower their employees — many who might never step into the office — dramatically increases. We see the learning platform as a critical component of the fully in-person, remote, or hybrid work technology stack. With the talent wars at full peak, companies will also fall behind others if their employees are not trained and consistently learning new strategies. The landscape has changed and as a result, a company’s learning and talent strategy needs to change with it.
This new round of funding will allow WorkRamp to continue to enhance the way our most important resources, people, learn. OMERS Ventures is excited to be part of this journey and we can’t wait to see what comes next from this amazing team.
