Scottsdale, Arizona-Based Trainual Pulls $27M in Series-B Funding March 28, 2023
Trainual raised $27M in series-B funding, led by investors Altos Ventures. The participants in the funding included The Shark Group CEO Daymond John, Indeed Co-Founder and Chairman Rony Kahan, PandaDoc CEO Mikita Mikado, TSheets Co-Founder Matt Rissell, 8×8 CEO David Sipes, 4490 Ventures, MATH Venture Partners and PHX Ventures. “Today, I’m proud to announce that Trainual has raised $27M in new funding from an incredible group of investors”, shares the CEO and founder of Trainual.
Small companies go through a struggle to organize people, policies, processes, and the company itself. Trainual software builds the playbook to fix all. The Trainual app creates learning systems and streams training systems throughout.
Specifications of Trainual
Founded in January 2018 and headquartered in Scottsdale, Arizona, Trainual provides training manuals for the whole member of the company. The coming table brings the company’s founders, headquarters, IPO Status, and other important details to help understand Trainual.
Features Specifications Company Name Trainual Headquartered Greater Phoenix Area, US Founders Chris Ronzio, Jonathan Ronzio Business Platform Saas Work Small Business Growth Founded January 2018 Total Employees 51-100 Last Funding Type Series B IPO Status Private Total Funding Type $33.8M Operating Status Active Investors 9 Trials Available Yes Google Reviews 4.7 Address 6320 E Thomas Rd Ste 100, Scottsdale, AZ 85251, United States Contact Email email@example.com
After watching the specification table, Next, let’s understand the business, ideas, responsibilities, and mission of Trainual.
Trainual founded in January 2018 helps businesses in building a playbook and growth. Founded by Chris Ronzio, and Jonathan Ronzio, it helps small businesses to grow with new updating technology and designs. The training manual by it, specifically for the employees and leaders helps in the enhancement of the business altogether.
The employee handbook helps in tracking the employee’s performance and meanwhile keeps them connected, guided, and organised together. Their new push update is highly beneficial, where “work from home policy” ensures scale, and management, and helps with companies’ strategy and stuff.
The best part about the application is that it syncs instantly with numerous work apps for example payroll, messaging, and much more. Trainual provides hundreds of templates for small businesses processes and policies which can be simultaneously added to the playbook. They also provide a hiring checklist for companies and organizations to hire seamlessly.
After knowing the Trainual and its business enhancement employee books, playbook, founders, and much more, let’s get brief on the Trainual raised series-B $27M funding details.
Brief on Series-B Funding
Trainual pulled $27M in series-B funding that was led by Altos Ventures. They are looking to extend the workforce and enhance products further and the investment will also be utilised in creating technology and events same as
Aura which has raised $150M in its series-E funding. The playbook idea by them is incredible. Stories, values and culture, policies, and most important roles and responsibilities of companies can be managed, tracked, and updated.
Trainual is expanding its support team and adding certified consultants to help the business grow more efficiently. With 50+ new roles, they are also ensuring the growth of their own people through practices, documentation, and delegations.
Trainual is looking to utilise its series-B raised $27M funding amount by bringing some prior changes like the “embed content” concept in the core product; playbook. This is announced to be the best update of their platform’s infrastructure. Companies can control training experience, role-based assignments, due dates, and repeating the training also. They can easily automate their policies and processes.
After visiting the series-B funding details, it would be interesting to explore the various essential features of the Trainual business software solution.
Essential Features of Trainual Business Software
Trainual being a software platform that helps businesses grow is also strengthening itself by enhancing its core products, culture, team, and customer service, and much more similar to
Noyo which has raised $45M in series-B funding. “Trainual is a well-executed and easy-to-use solution for moving training onto the cloud. My favourite aspect about using the software is how it trains content creators to think more about their work processes, which increases efficiency and scalability.” shares Benjamin C(Trainual user).
The features of Trainual’s business are presented below;
Trainual manual helps to systemize and scale various work and responsibilities of the companies, so the business gets simple and feels organised. Companies and organisations can easily visualise their growth with up-to-date role charts, plans, meetings, goals, and much more. Good clarity on the roles and responsibilities can be defined. It trains the team with 100% accountability and helps in scaling the business too. The splendid manuals and playbooks help employees get much better at their job ultimately leading to more revenue. The searchable, trackable employee handbook also has tracking plus E Signatures to verify the employees and their work-related stuff. There are hundreds of customizable templates with push policy changes and updates to everyone easily.
The above feature on Trainual’s business introduced us to insight into their products, policy, and much more. Get to know the numerous uses of their playbook in the article ahead.
Various Use of Trainual’s Playbook
Trainual’s iconic idea of presenting a playbook for businesses and organisations to manage every new update is worth praising. Let’s find some of the use of the playbook that can be done through it.
Company’s Culture: One of the prior uses is to introduce the company’s culture, and show what it’s like to work at the company. Mission and Values: Being transparent, the real authentic idea, future goals, mission, and values can be shared with the employees. This makes the inner strength stronger. Competitive Landscape: Companies can portray why they are the best in the market. Showcase Company Story: Playbook can also come in use for portraying your company’s story, ups and downs, and achievements. Gist on Trainual’s Series-A Raised $6.75M
With the help of raised funding of series-A $6.75M, Trainual improved their core products which included embedded tools and small business resources. The partners 4490 Ventures, MATH Venture Partners, and PHX Ventures partners were more like mentors, containing experienced operators and advisors, modified Trainual’s mission and magnified it truly.
After raising the money, Trainual had a product that helps businesses embrace remote work, and hire remotely from anywhere. Investors supported them in their thoughts and encouraged them to continue with their instincts and ideas. Following they tripled their revenues, and team size and also expanded their Arizona headquarters and teammates worldwide.
Trainual, being a small business companion is an outstanding endeavour towards helping the companies grow with the team. Regular update to policies, roles, responsibilities, and processes is essential and the Trainual application’s manual and playbook manages all. Trainual raised $27M in series-A was destined, and rewarding were the efforts of the company and its mission and ideas.
The best idea of roles and responsibilities that Trainual follows is, “The most fundamental connection between the people in your business and the business itself isn’t their title, their interests, their contact info, or their direct reports. It’s what they actually do – their responsibilities.”
FAQs Ans: Trainual contains 9 investors, which include Mikita Mikado and PHX Ventures. Ans: Trainual has raised $33.8M to date in funding. Ans: The last funding round of Trainual was held in June 2018, in series-B funding. Ans: Trainual competitors may include Gatsby, Brandlive, and Alitzaam. Ans: Trainual has received Inc S Best Workplaces(2021) and Phoenix’s Best Place to work(2019 and 2020). Also Read: