Total amount raised
$1.5 Billions
Latest funding date
07/01/2021
Location
Articulate has successfully raised funds through a Series A round, with backing from investors such as Blackstone Accelerates Growth and ICONIQ Growth. The company continues to develop its e-learning platform, providing innovative solutions for workplace training.
Keep reading to explore the intricacies of Articulate's fundraising journey and the investors backing this innovative platform.
What Is Articulate?
Articulate, founded in 2002 by Adam Schwartz, is headquartered in New York, New York. The company specializes in developing e-learning software, content, and community, providing online training courses for management systems.
With a workforce of 251-500 employees, Articulate serves over 40,000 customers worldwide, including 93 percent of Fortune 100 companies and 19 of the 20 top-ranked U.S. universities. Their platform, Articulate 360, offers tools for creating, collaborating, and distributing e-learning content.
Articulate's product suite includes AI Assistant, Rise, Storyline, Localization, Review, and Reach, catering to various training needs such as onboarding, compliance, and technical skills training.
How Much Funding Has Articulate Raised?
- Series A
- Amount Raised: $1.5 billion
- Date: July 1, 2021
- Lead Investors: General Atlantic, Blackstone Growth, ICONIQ Growth
- Valuation at Round: $3.75 billion
- Motivation Behind the Round: The funding was aimed at helping Articulate scale and expand its global footprint, addressing the challenges of remote and hybrid work environments, and enhancing employee engagement.
Total Amount Raised: $1.5 billion. Current Valuation: $3.75 billion.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm with over four decades of experience. They manage over $53 billion in assets and have a global presence with offices in major cities worldwide.
- Investment Focus Areas: Technology, consumer, financial services, healthcare.
- Notable Investments: Airbnb, Alibaba, Uber.
- Blackstone Growth (BXG)
- Details: Blackstone Growth is the growth equity arm of Blackstone, one of the world’s leading investment firms. They manage $649 billion in assets across various investment vehicles.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Bumble, Oatly, Epidemic Sound.
- ICONIQ Growth
- Details: ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact and change. They focus on building enduring company cultures and delivering tangible value from early growth stages to IPO and beyond.
- Investment Focus Areas: Technology, software, innovative business models.
- Notable Investments: Snowflake, Datadog, Uber.
What's Next for Articulate?
Articulate stands at the cusp of significant growth, driven by the increasing demand for online training tools in remote and hybrid work environments. With a $1.5 billion Series A funding round, the company is poised to expand its global footprint and enhance its product offerings, catering to both large enterprises and small-to-medium-sized businesses.
Future fundraising opportunities seem promising, given the involvement of major growth equity firms like General Atlantic, Blackstone Growth, and ICONIQ Growth. These strategic partnerships could pave the way for additional investments, further fueling Articulate's growth trajectory.
However, the company may face challenges such as competition from other e-learning providers and the need to continuously innovate to meet customer expectations. Managing rapid growth while maintaining product quality and customer satisfaction will be crucial for Articulate's sustained success.
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