Northpass secures $4M growth investment led by Edison Partners

Parsippany-based Northpass announced it secured $4 million in Series A funding led by Princeton-based Edison Partners.

Northpass, an enterprise learning solution for driving business performance, said the funds will be used to accelerate product development and adoption.

Edison Partners has financed and guided more than 200 private companies, a third of which have been in the enterprise solutions space. Northpass, with headquarters in Parsippany, is the firm’s 47th investment in its home state of New Jersey. In addition to Northpass, the firm’s current investments in New Jersey include Scivantage, Trialscope and Zelis Healthcare.

“Modern learning tools have become essential for enabling today’s front-line teams,” says Steve Cornwell, founder and chief executive officer of Northpass. “It’s all about enablement. High-growth companies need seamless onboarding, increased retention, and improved customer satisfaction. Northpass gives stakeholders the skills needed to truly drive business success.”

Northpass is focused on serving the unique needs of high-growth companies in the on-demand and software as a service (SaaS) space. Such companies are expanding quickly and need to develop custom onboarding, training, or performance support programs, but often lack prior experience with such initiatives.

2018 was a breakout year for Northpass. The company achieved 100 percent revenue growth and has plans to double again this year. Currently, Northpass is relied on by over 200 companies, including some of the world’s most innovative and disruptive brands such as Uber, Lyft, Airbnb, Shopify and Square.

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