Leeds-based YFM Equity Partners has sold its stake in Elucidat, the Brighton learning technology company, following its acquisition by Learning Pool, a global provider of workplace learning solutions backed by Marlin Equity Partners.
Founded in 2013, Elucidat is a cloud-based authoring platform that enables large-scale learning teams to create, manage and distribute digital learning content quickly and at scale.
YFM first invested in Elucidat in 2019, and has since provided follow-on funding to support the business’s continued growth, helping it scale and refine its platform. Through this partnership, Elucidat has expanded its leadership and technical teams, enhanced its product capabilities, and invested heavily in AI-driven tools that help learning teams produce content faster, more efficiently, and with greater personalisation.
Today, more than 10,000 authors have used Elucidat to create over 280,000 courses, reaching more than 58 million learners worldwide.
Working closely with CEO and co-founder Steve Penfold and his leadership team, YFM supported the business as it scaled from an ambitious UK-based SaaS company into a global player.
“We’ve worked closely with Elucidat over the past few years, supporting its evolution and helping lay the foundations for future growth,” said David Bell, senior portfolio partner at YFM. “This is a great strategic outcome for the business, and we’re pleased to have played a role in its journey.”
Elucidat’s acquisition by Learning Pool marks a new chapter for the company and a strong return for YFM-managed funds. The transaction forms part of Learning Pool’s broader expansion strategy, which also included the acquisition of WorkRamp, an AI-first Learning Management System designed for the SMB and extended enterprise market.
Together, these acquisitions will create a next generation learning ecosystem that brings together Learning Pool’s expertise in delivery and data with Elucidat’s innovation in scalable content creation.
“We’re incredibly proud of what we’ve built at Elucidat,” added Steve Penfold, CEO and co-founder of Elucidat. “Joining Learning Pool’s expanding group is an exciting opportunity to scale our impact even further. YFM have been a supportive and thoughtful partner throughout, and we’re grateful for everything they’ve helped us achieve.”
