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Elucidat

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

YFM investment
£7.1m
Investment date(s)
2019, 2020, 2022 & 2023
Deal type
Growth Capital
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 Equity Partners identified Elucidat as a pioneering force in the e-learning sector, which continues to grow rapidly as businesses embrace digital transformation. The company’s innovative solutions, strong market position, and experienced leadership team aligned perfectly with YFM’s investment strategy. YFM first invested in Elucidat in 2019 and has since provided follow-on funding in 2020, 2022 and 2023 to support the business’ growth journey.

Elucidat’s focus on delivering measurable results, such as increased learner engagement and reduced training costs, demonstrates its ability to drive real impact for clients. Its proven scalability and commitment to continuous innovation make it an ideal partner for organisations seeking best-in-class e-learning solutions. The product has been used by over 10,000 authors to create more than 280,000 courses – which have been used by 58m+ learners!

Growth Potential

YFM’s investment is helping Elucidat accelerate its growth through several strategic initiatives:

  • Technology Advancement: Expanding its proprietary tools and AI-driven features to enhance content creation, learner personalisation, and performance tracking.
  • Market Expansion: Increasing its footprint in key global markets, particularly in North America and Asia, where demand for e-learning platforms is rising.
  • Strategic Partnerships: Building on collaborations with industry leaders like CrossKnowledge to offer integrated solutions and extend its reach.
  • Team Growth: Scaling its teams across product development, sales, and customer success to support rapid growth and maintain high service standards.

These efforts position Elucidat to continue transforming how organisations deliver digital learning, ensuring clients can meet the needs of a modern, diverse workforce.

Impact and Future Plans
Since YFM’s initial investment, Elucidat has launched several groundbreaking features, improved its platform’s scalability, and secured major partnerships that have expanded its client base. The company remains focused on innovation and plans to introduce advanced analytics capabilities to give organisations deeper insights into learning effectiveness.