Elucidat secures £2m from YFM Equity Partners to expand its international enterprise customer base.
YFM Equity Partners has provided a £2m follow-on investment to support the e-learning platform's global growth.
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 £2m in follow-on funding from YFM Equity Partners. The Brighton-based e-learning platform will use the capital to expand its international customer base among large enterprise organisations.
The company has scaled rapidly since its founding, supporting organisations such as Tesco, Metro Bank and Kingfisher with digital learning content. YFM previously invested £3.5m in the business in 2019 to accelerate product development and North American growth.
From the founder
"We are delighted to continue to partner with YFM for the next phase of our growth. I have greatly valued working with James and the YFM team as we have expanded our sales reach internationally and continue to help our customers to create impactful elearning by unlocking knowledge from any employee."
Steve Penfold
CEO at Elucidat
Use of funds
- 01Expand into international markets
