LearnUpon raises $56m from Summit Partners

The company's cloud-based learning management system helps companies train their employees, customers and partners from a single, integrated platform.

The funding, LearnUpon's first major capital raise, will be used to hire more staff, support product development and meet accelerating customer demand. It currently employs 180 staff and is planning to add more than 100 engineers over the next 18 months to support product expansion.

According to the company, its annual recurring revenues have grown by more than 50% year-on-year for each of the last 12 quarters. 

Company
Founded in 2012 and based in Dublin, LearnUpon is a B2B provider of a learning management system to 1,000 companies globally.

It employs 180 staff across four offices, including Philadelphia, Sydney and Belgrade.  

People
LearnUpon – Brendan Noud (CEO; co-founder).
Summit Partners – Antony Clavel (principal).

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