Corporate Learning Management SystemsMariane Thomsens Gade 4B, 5, Århus C, DenmarkFounded 2003
LMS 365 rebranded and is now Zensai.
LMS 365 is a Copenhagen-based learning management and human success platform built natively inside Microsoft Teams and the broader Microsoft 365 ecosystem.
LMS 365's annual revenue was $40M in December 2024, the most recent figure on record.
| As of | Revenue | Source |
|---|---|---|
| Jun 2018 | $1M | Confirmed by CEO |
| 2021 | $10M | Rasmus Holst on cameraWatch at 17:54 |
| 2022 | $18M | Rasmus Holst on cameraWatch at 7:55 |
| 2023 | $30M | Rasmus Holst on cameraWatch at 8:10 |
| Dec 2024 | $40M | Confirmed by CEO |
LMS 365 is privately held, so there is no LMS 365 stock to buy. Investors valued it at $100M in its April 2023 Series A.
LMS 365 has raised $20M in one round: a Series A in April 2023.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| Apr 2023 | Series A | $20M | $100M | Rasmus Holst on cameraWatch at 7:42 |
| Total raised | $20M |
Nathan Latka has interviewed LMS 365 once, speaking with Rasmus Holst. Each figure links to the second it was said.
Watch: How LMS 365 Grew to $30M ARR at 50% Year-Over-Year Growth Serving 2,000 Customers (Interview with CEO Rasmus Holst)April 2024 · Rasmus Holst, CEO
LMS 365 competes most directly with Skillcast.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
| LMS 365 | $40M | $20M | 200 | 2K | 2003 |
 Skillcast | $5.5M | – | 127 | 500 | 2001 |
Rasmus Holst founded LMS 365 in 2003 and runs it as CEO. LMS 365 had 200 employees (April 2024).
Also at LMS 365Andreas Sebastian Wilborg Zeberg Nielsen, Alex Thomas, Jessika Toscano, Maria Herrejon Skoglund, Denis Korolko, Mikkel Mathiassen, Daniil Semenchenko, Sam Forsberg, Kierstin Johnson
Team mix (Apr 2024): 60 engineers
Yes. LMS 365 now operates as Zensai.
LMS 365's annual revenue was $40M in December 2024, according to the CEO. No later figure is on record.
Investors valued LMS 365 at $100M in its April 2023 Series A, as Rasmus Holst said on camera.
LMS 365 has raised $20M in one funding round: a Series A in April 2023.
LMS 365 had 200 employees in April 2024, as Rasmus Holst said on camera.
Rasmus Holst founded LMS 365 in 2003.
14 said on camera · 2 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Nov 2, 2026Data disclaimerReport a correctionClaim this profile