Articulate Global, LLC, a NYC-based SaaS based provider of online training tools and e-learning authoring apps for work, raised $1.5 billion in Series A funding.
The round was led by General Atlantic, joined by funds managed by Blackstone Growth (BXG) and ICONIQ Growth.
The company, now valued at $3.75 billion, intends to use the funds to further accelerate its growth and scale internationally.
Led by founder and CEO Adam Schwartz and President Lucy Suros, Articulate provides a software platform and interactive content that allows organizations to develop, deliver, and analyze engaging and effective online training. The company serves both enterprise companies and small-to-medium sized businesses through two offerings, including:
- Articulate 360, a suite of online course development apps and resources for enterprises with learning management systems (LMSs), and
- Rise.com, an all-in-one online training system.
In total, Articulate has more than 106,000 customers spanning 161 countries and counts all 100 of the Fortune 100 companies as customers. These customers – including CVS, L’Oréal, and Nestlé, among others – have collectively created millions of training courses using Articulate software.