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Guys, LMS 365 launched in 2003 as a side project by dentists at a local library. They finally said, well, this can be SaaS.

In 2016, they broke a million revenue in 2018.

Today, over 30 million bucks in terms of run rate up from called 18 million a year ago.

So call it 50% year-over-year

growth. They're serving 2,000 paying customers. They help those customers be more productive

in the Microsoft ecosystem. Those customers have over 2 million seats on the platform. As

Rasmus continues to scale, he joined the company as CEO two years ago, did a 20 million

Series A at a 5 to 6x multiple. He's now growing here with the team of 216 engineers

and 14 sales hubs attacking each geography. We'll see what they do next.

Hey folks, my guest today is Erasmus Holtz. He is the chief executive's officer at LMS 365,

launched it a little over two years ago, based in Denmark. Before that, he was CRO at a group called Wire for over four years. And before that, CEO at a group called Hodel. We'll jump into LMS today. Rasmus, you ready to take us to the top? Absolutely. Good. You want to have me. I'm ready. I'm excited to have you. You know, it's so hard to get employee performance management right. You have all these sort of personality tests and you have people to try and build software

for it.

How do you fit into this space?

We historically come out of a learning background.

So this means that actually for longer than I've been here, we've been building a learning

management platform, built into Microsoft Teams,

because we believe that learning should be

where you actually meet where you are at every day.

But then as we kind of grow with that ambition,

...