Elucidat, a Brighton, UK-based provider of an elearning authoring platform, raised £2M in Follow-On funding.
The round was led by YFM Equity Partners.
The company intends to use the funds to continue building its global customer base of large enterprise organisations.
Led by CEO Steve Penfold, Elucidat is an elearning authoring platform that enables its customers to enhance their learning and development goals by producing digital learning content faster.
Its international customer base includes Tesco, Kingfisher, Metro Bank and Decathlon.
YFM first invested £3.5m in Elucidat in 2019 to accelerate product development and drive growth in North America.
FinSMEs
16/01/2023