Tovuti Raises $8M in Series A Funding
Tovuti, Inc., a Boise, Idaho-based SaaS learning management system provider, raised $8m in Series A funding.
The round was led by Blueprint Equity and ScOp Venture Capital. In conjunction with the funding, Kevin O’Connor, Managing Partner of ScOp Venture Capital, joined Tovuti’s board along with Sheldon Lewis, Managing Partner of Blueprint.
The company intends to use the funds to continue to to grow its engineering, development, and client support teams throughout to better serve customers, add new software features and scale the business.
Led by Founder and CEO Troy McClain, Tovuti provides a management system for companies around the world to implement learning and training programs, to track the success of their courses and to interact with both internal teams and external vendors and customers.
The platform is used by more than 300 enterprise companies across the globe including HCL, Summit Mortgage, VMG, Shakeys Pizza and Brightstar, and others.
Tovuti currently has 35 full time employees.