Elucidat raises £3.5m in Series A funding from YFM Equity Partners to accelerate product development
YFM Equity Partners has led a Series A investment in Elucidat to support team growth and platform enhancements.
Elucidat operates an e-learning authoring platform that helps large enterprises produce digital learning content. The Brighton-based business serves an international clientele including Tesco and Decathlon.
Elucidat has secured £3.5m in a Series A funding round led by YFM Equity Partners.
The capital will be directed towards product development and expanding the company team. Specifically, the funds will support faster authoring methods, enhanced data insights, and infrastructure scaling.
YFM Equity Partners backed the firm due to its strong growth and international customer base. The investment aims to accelerate the company vision for digital learning.
Investor perspective
"The Elucidat team has already gained well known global brands as customers and the business is growing strongly. We’re absolutely delighted to be working with the team at Elucidat to support the development of future products and further expansion into global markets."
Nigel Owens
Investment Director, YFM Equity Partners
Use of funds
- 01Continue product development
- 02Grow the team
- 03Build out infrastructure
