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Elucidat

Authoring software enabling corporates to create and manage their own e-learning content

Sector
Application software
YFM investment
£7.1m
Investment date(s)
2019, 2020, 2022 & 2023 - 2025
Deal type
Growth Capital
YFM Team
Location
Brighton

"This investment marks an exciting milestone for the Elucidat team and our customers. We’re now able to move even faster on our mission to help our customers around the world produce, distribute and measure transformational e-learning with real impact. We selected YFM as our investment partner because of their proven track record of working with businesses to accelerate global growth, whilst ensuring their portfolio companies consider their impact on society and the environment."

Steve Penfold, CEO

Key Information

The Business

Elucidat is a leading e-learning platform specialising in empowering organisations to produce high-quality, scalable digital learning experiences. Headquartered in Brighton, , the company serves global enterprises across sectors including healthcare, technology, and professional services.

With its intuitive platform, Elucidat enables teams to create, manage, and distribute engaging e-learning content efficiently. By combining innovative technology with user-friendly design, Elucidat has become a trusted partner for organisations seeking to improve employee training, customer education, and compliance programs.

Why We Invested

YFM identified Elucidat as a pioneering force in the rapidly expanding e-learning sector, driven by digital transformation and increasing demand for scalable content creation. The company’s intuitive technology, strong leadership team and clear market vision aligned with YFM’s focus on supporting high-growth UK software businesses with global potential.

Growth Story

During its partnership with YFM, Elucidat achieved a series of milestones that transformed it into a global leader in digital learning technology:

  • Product Innovation: Expanded and enhanced its cloud-based platform with AI-assisted authoring tools, enabling faster, more efficient, and personalised content creation.

  • Global Reach: Scaled operations to support enterprise clients worldwide, with over 10,000 authors creating more than 280,000 courses used by 58 million learners.

  • Team & Leadership Growth: Strengthened its leadership and technical teams, building organisational depth to support rapid expansion.

  • Infrastructure & Capability: Invested in platform scalability and data-driven learning analytics to better serve large, complex customers.

  • Market Position: Established itself as a trusted partner to blue-chip enterprises across healthcare, technology, and professional services.

These achievements reflect Elucidat’s evolution from an ambitious UK SaaS business into a globally recognised learning technology brand.

Exit
In 2025, YFM successfully exited its investment following Elucidat’s acquisition by Learning Pool, a global workplace learning provider backed by Marlin Equity Partners. The sale delivered a strong return for YFM-managed funds and marks the next chapter in Elucidat’s journey as part of a combined group shaping the future of digital learning.