Mar 02, 2017

Kian Capital is pleased to announce that it has participated in a management-led buyout of TrueLearn, Inc. ("TrueLearn" or the "Company"). Kian invested senior secured debt and equity to partner with the Founder of TrueLearn, Dr. Joshua Courtney, to effectuate the transaction. Headquartered in Pittsburgh, PA, TrueLearn is a SaaS-based educational company that provides test preparation software for high-stakes standardized exams in various fields of medicine.

Dr. Courtney, Founder and CEO of TrueLearn, remarked, "Kian Capital’s partnership, dedication, and wherewithal enabled us to execute this transaction on an extremely tight timeline. When I founded TrueLearn nine years ago, I had the vision of creating a software company that would lead the way in preparing the next generation of physicians to achieve board certification in medicine. Along with TrueLearn’s management team, I am most excited to partner with Kian Capital as we fulfill this vision and execute on our strategic growth initiatives.”

Matt Levenson, Partner at Kian Capital, commented “As the founder of TrueLearn and a physician, Dr. Courtney has a passion for the business and unique insight into the Company’s customers, which include medical students, medical schools, residents and residency programs. We are very pleased to support Josh in this transaction and look forward to partnering with him and the entire TrueLearn management team as they execute their vision for growth.”   

Kian Capital’s partnership, dedication, and wherewithal enabled us to execute this transaction on an extremely tight timeline. When I founded TrueLearn nine years ago, I had the vision of creating a software company that would lead the way in preparing the next generation of physicians to achieve board certification in medicine. Along with TrueLearn’s management team, I am most excited to partner with Kian Capital as we fulfill this vision and execute on our strategic growth initiatives.

Dr. Josh Courtney
Founder & CEO of TrueLearn

About TrueLearn

Used by thousands of medical students and residents nationwide, and headquartered in Pittsburgh, Pennsylvania, TrueLearn is a SaaS-based educational company offering access to the SmartBanks and analytics needed to prepare for the USMLE, COMLEX and a variety of specialty in-training exams and board certification exams. Specialties include Anesthesiology, General Surgery, Emergency Medicine, OB/GYN, Internal Medicine, Family Medicine, Psychiatry, Pediatrics and PA.

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