OpenSesame eLearning Marketplace Announces $2 Million Investment

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Portland Startup Accelerates Growth with New Funding

We are incredibly pleased with how quickly OpenSesame achieved significant results, including building a catalog of more than 1,700 courses, and closing sales with Fortune 500 companies

OpenSesame (http://www.OpenSesame.com), the online elearning marketplace, today announced at TechCrunch Disrupt SF that it has raised $2 million in funding to accelerate growth in product development and sales.

OpenSesame is the first marketplace to make buying and selling corporate elearning as easy as downloading a song from iTunes. OpenSesame’s crowd-sourced marketplace will offer the broadest, deepest, and freshest selection of elearning courses, disrupting the leading providers in the highly fragmented $4.5B market.

The $2 million includes funds from Portland investment group Harmony Investments, the OpenSesame management team, and the funding OpenSesame received as the winner of the Angel Oregon 2011 competition.

“After watching OpenSesame’s early success, we were excited to provide resources to ramp up sales and marketing efforts,” said Jay Platt of Harmony Investments. “We are incredibly pleased with how quickly OpenSesame achieved significant results, including building a catalog of more than 1,700 courses, and closing sales with Fortune 500 companies.”

“Customers want to buy elearning courses as easily as they shop for songs on iTunes,” said OpenSesame CEO Don Spear. “OpenSesame resolves elearning buyers’ pain points by making it possible to research, preview, purchase, and use courses simply and instantly.”

OpenSesame announces this funding while participating in TechCrunch Disrupt SF, where co-founders Don Spear, Josh Blank, and Tom Turnbull will demonstrate the OpenSesame marketplace to investors, media, and technology innovators. TechCrunch Disrupt SF is held 12 -14 September 2011 in San Francisco.

About OpenSesame
Based in Portland, Oregon, OpenSesame connects elearning buyers and sellers worldwide in an open marketplace. Buyers browse thousands of courses in a wide variety of subjects from workplace safety to business skills– all compatible with any learning management system. For more information, visit http://www.OpenSesame.com or follow @OpenSesameNow on Twitter.

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Wendy Barbour
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