mLevel Closes $5 Million Funding from BIP Capital
Atlanta, GA (PRWEB) July 08, 2015 -- mLevel, the industry leading casual learning platform used by Fortune 500 companies to make learning fun, engaging, and effective, while simultaneously driving significant business results, has received $5 million in a Series A funding from BIP Capital, one of the most active and successful growth capital investors in the Southeast.
"We are pleased to partner with BIP Capital, who recognizes the critical need mLevel’s industry leading Casual Learning solution addresses for an easy to use, engaging and effective technology platform for delivering corporate training," said Dave Cutler, CEO of mLevel. "mLevel is proud to serve many of the most recognized and trusted brands in the world. This funding will accelerate our efforts to reinvent corporate learning and help even more companies and their employees finally get the value they’ve been seeking from their learning investments."
The innovative learning platform empowers leaders and their teams to quickly deliver training via specially designed games, videos, and other engaging activities on all mobile, tablet, and desktop devices without having to write a single line of code. Once the training is built, clients can track knowledge in real-time via the mLevel analytics engine allowing them to predict future performance and address knowledge gaps in days as opposed to months with current solutions. mLevel is transforming how organizations train and educate their employees.
“mLevel is one of the fastest growing companies BIP Capital has invested in. The company has signed a marquee list of enterprise clients and is showing signs of producing break-out growth,” said Scott Pressly, co-founder and managing partner of BIP Capital. “The company is addressing a multi-billion dollar, global industry and its client-acquisition-rate is impressive. We are optimistic about what mLevel can become.”
After incubating the business within Slalom Consulting, a leader in designing and building strategies and systems to help clients solve some of their most complex and interesting business challenges, mLevel has experienced consistent growth. Clients have demonstrated overwhelming loyalty to the platform as illustrated by very low churn rates and expansion in existing customer sites. This kind of organic growth has occurred when clients discover mLevel can be applied to virtually any learning challenge that an organization may face.
“We are excited about our new partnership with BIP and are proud of the accomplishments of Dave Cutler (mLevel CEO), Jordan Fladell (mLevel EVP), and the entire mLevel team. We look forward to supporting mLevel’s growth moving forward and establishing a strong relationship with BIP,” stated Brad Jackson, CEO of Slalom, LLC.
About mLevel
mLevel is the industry leading casual learning platform used by Fortune 500 companies to make learning fun, while improving real business results. Founded in June 2012, and headquartered in Chicago, IL with significant operations in Atlanta, GA, mLevel serves clients from the Fortune Global 500 to small businesses across a wide of range of industries. http://www.mLevel.com
About BIP Capital
Founded in 2007, BIP Capital has quickly become one of the leading venture capital firms in the Southeast. The company, headquartered in Atlanta, has invested over $200 million in private equity and venture transactions and has established a reputation as a founder-friendly, value-added investment partner. http://www.bip-capital.com
Jeff Steffgen, mLevel, http://www.mlevel.com, +1 630-885-4424, [email protected]
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