– IRELAND, Dublin – LearnUpon today announced that the company has closed a $56 million minority investment from global growth equity firm Summit Partners.
Concurrent with the investment, Antony Clavel, a Principal with Summit Partners, will join the Board of Directors.
“In today’s knowledge economy, we believe corporate learning has become a key requirement for all organizations of scale – and the added challenge of remote working has only accelerated the importance of delivering learning digitally. With its modern, cloud-based learning management system, strong product development organization, demonstrated dedication to customer success and capital efficient go-to-market model, we believe LearnUpon is strongly positioned to serve this growing and increasingly critical market need. We are thrilled to support Brendan and the LearnUpon team in this next phase of growth.” said Anthony Clavel, Principal at Summit Partners.
This funding represents LearnUpon’s first major capital raise and will be used to drive the continued investment in our team and our platform as we progress on our journey of helping businesses worldwide unlock the power of learning.
About LearnUpon
LearnUpon LMS is a powerful platform with a practical approach to learning. By combining industry-leading capabilities, unmatched ease of use, and unrivaled customer support, organizations can manage, track, and achieve their diverse learning goals—all through a single, powerful solution. Trusted by over 1,000 customers worldwide, LearnUpon is one of the fastest growing LMSs in the world. Founded in 2012, LearnUpon is headquartered in Dublin, with additional offices in Philadelphia, Sydney, and Belgrade.
For more information : https://decentriq.ch/
About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $21 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. Notable technology and software companies financed by Summit Partners include A Cloud Guru, Avast, Darktrace, FLEETCOR, HelpSystems, Immersive Labs, Infor, Jamf, RELEX Solutions, Smartsheet and Trintech. Summit maintains offices in North America and Europe, and invests in companies around the world.
For more information : https://www.summitpartners.com/
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