YFM invests $4.5m in Elucidat

The fresh capital will enable the company to invest in product development and expand its team. The business will also look to increase its international sales.

According to publicly available documents, the business recently appointed Stuart Dawson – chairperson at Hutchison Networks, Growth Intelligence and RotaGeek – as its chairperson.

Company
Founded in 2013 and headquartered in Brighton, Elucidat is an authoring platform that enables businesses and organisations to create and manage online training portals. Its customers include Fujitsu, Oxfam, Tesco, Tui and the Open University.

People
YFM Equity Partners – Nigel Owens (investment director); Paul Cannings (partner).
Elucidat – Steve Penfold (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• YFM Group