Lessonly Expands Indianapolis, Indiana, Headquarters
According to state officials, the company will invest approximately $2 million in its Indianapolis operations over the next five years to accommodate its growing team.
Initially, the company plans to enhance its current 10,000-square-foot facility at 407 Fulton St., improving workstations, meeting areas and amenities. As they grow, Lessonly will look for opportunities to scale its headquarters while remaining in Indianapolis.
The Indiana Economic Development Corporation offered Lessonly up to $1.1 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“We’re extremely proud to call Indianapolis home,” said Co-founder &CEO Max Yoder. “We’re working hard to reimagine training software for millions of people across the globe, and this city is our bedrock.”
“Entrepreneurs are finding success here and propelling Indiana to the forefront of technology and innovation,” Governor Eric Holcomb said. “Lessonly is a true example of the way Hoosiers identify and solve 21st Century challenges for businesses across the nation. Because of companies like Lessonly, all eyes are on Indiana, and I’m excited to see what the future holds for Lessonly and for our growing tech sector.”
Lessonly recently announced an $8 million Series B funding round led by Boston-based OpenView. The company has doubled in size every year for the last five years and now employs 83 full-time employees in Indianapolis, exceeding its 2013 IEDC-supported goal of 75 employees by the end of 2017, according to the Indiana Economic Development Corporation.
“Lessonly’s continued investment in our community is both a testament to their success and the environment of growth here in Indianapolis,” said Mayor Joe Hogsett. “With Indianapolis’ kinetic pipeline of workforce talent, matched with Lessonly’s impressive expansion, we look forward to celebrating this homegrown company’s success for years to come.”
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