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New Deal


Announced

JMI Equity completed the $50m investment OpenSesame.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
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One Off Charge-

Tags

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Education Services

Friendly

Completed

Majority

Acquisition

Private

elearning solutions

Venture Capital

Cross Border

United States

Private Equity

Synopsis

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JMI Equity, an asset manager, completed the $50m investment OpenSesame, a SaaS global eLearning innovations provider. An investment had participation from existing partners FTV Capital and Altos Ventures. “Not only are we serving new customers through innovative virtual technologies, but we are also expanding our reach with current customers by serving many new and multi-language courses. As we considered accelerating our growth, it became clear that we should add another proven financial partner to help us optimize our business for further success. We found that partner in JMI,” Don Spear, OpenSesame CEO.

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