Trainual, an Arizona-based software company, has leveraged their Series B funding to become a leader in the field of employee training and onboarding. Founded in 2017, Trainual has used their funding to develop and expand their customer base, as well as to create innovative tools to help businesses streamline their training processes. This has allowed Trainual to become the go-to resource for businesses looking to improve their employee onboarding and training. With their Series B funding, Trainual has been able to make significant strides in the industry, as well as to build strategic partnerships with other leading companies in the space. For example, they recently announced a partnership with Microsoft, which allows customers to integrate Trainual directly into their Microsoft Office 365 platform. These strategic moves have enabled Trainual to become a leader in their space and position them for continued success in the future.
Trainual’s Background & Series B Funding
Trainual was founded in 2017 by former executives of Oracle and SAP. These executives had been working in the software industry for decades, and they saw a clear need for an employee training platform that could streamline the process and be used across multiple industries. Thus, Trainual was born. Their Series B funding came in 2019, bringing their total capital raised to $30 million. This funding round was led by private equity firms, including Northgate Capital and J.F. Capital. This investment enabled Trainual to expand their customer reach and increase their product offerings. Prior to this funding round, Trainual had raised $3 million in seed funding. This included funds from the Arizona Technology Investors Fund and other investors in the Southwest region.
How Trainual Used their Series B Funding to Succeed
With the Series B funding, Trainual was able to expand their product offerings and increase their customer reach. They also used this funding to create innovative new tools for their customers. One of these tools, known as “Workflows”, allows businesses to track and manage their employee training. Businesses can use Workflows to build training plans and track their employees’ progress through the system. This tool has been well-received by customers and has already been integrated into the workflow systems of major businesses such as Microsoft and John Hancock. Another tool, known as the “Engagement Dashboard,” provides businesses with valuable analytics on their training programs. Customers can use this dashboard to track progress, find gaps in their training, and identify areas that need improvement. This tool has been well-received by customers, and Trainual has plans to integrate it into more business workflows in the future.
Strategic Partnerships
A strategic partnership is when two or more companies create a mutually beneficial relationship. Trainual has formed several strategic partnerships to expand their reach and provide more value to their customers. For example, Trainual has partnered with SAP and SAP SuccessFactors to allow customers to run their training programs on the SAP SuccessFactors platform. This partnership gives Trainual customers the option to run their training programs on SuccessFactors or on Trainual, whichever works best for their businesses.
Additionally, Trainual has partnered with Microsoft to integrate their Training Management System (TMS) directly into Office 365. This partnership allows customers to manage their training programs directly from within their Office 365 dashboard, allowing for a more efficient training process. These strategic partnerships have enabled Trainual to reach a wider customer base and provide more value to their existing customers.
Innovative Tools
As mentioned previously, Trainual has used their Series B funding to create several innovative tools to help their customers streamline their training programs. Some of these tools include the Engagement Dashboard, Workflows, and the TMS Microsoft integration. The Engagement Dashboard is a tool that provides businesses with valuable analytics on their training programs. Customers can use this dashboard to track progress, find gaps in their training, and identify areas that need improvement. This tool has been well-received by customers, and Trainual has plans to integrate it into more business workflows in the future.
Workflow is a tool that allows businesses to track and manage their employee training. Businesses can use Workflows to build training plans and track their employees’ progress through the system. This tool has been well-received by customers and has already been integrated into the workflow systems of major businesses such as Microsoft and John Hancock. Lastly, the TMS Microsoft integration allows customers to manage their training programs directly from within their Office 365 dashboard. This partnership allows customers to manage their training programs directly from within their Office 365 dashboard, allowing for a more efficient training process.
Trainual’s Expanded Customer Base
As a result of their Series B funding, Trainual has had significant success in expanding their customer base. One way they’ve done this is by partnering with Microsoft. As previously mentioned, Trainual has partnered with Microsoft to integrate their TMS directly into Office 365. This partnership has allowed Trainual to reach a much wider customer base and provide more value to their existing customers. Beyond this partnership, Trainual has also added additional customers through strategic partnerships with SAP and SAP SuccessFactors. This has allowed Trainual to reach a wider customer base and provide more value to their existing customers. Finally, Trainual has also leveraged their existing customer base to expand their customer base. In particular, they have partnered with several third-party companies to allow their existing customers to expand their reach. These partnerships have allowed Trainual to expand their reach and provide more value to their customers.
Trainual’s Position for Future Success
Trainual has positioned itself to succeed in the future by leveraging their Series B funding to create innovative tools and expand their customer reach. These strategic moves have enabled Trainual to become a leader in their space and position them for continued success in the future. The Engagement Dashboard, Workflows, and the TMS Microsoft integration are innovative tools that have been well-received by customers.
These tools have allowed Trainual to become a leader in their space and position themselves for success in the future. Beyond leveraging the funding for strategic moves, Trainual has also been strategic with how they use their funds. They have prioritized growing their customer base over other expenses, and have relied heavily on their partners to reduce the cost of their product. These strategic moves have allowed Trainual to become a leader in their space and position themselves for continued success in the future.
