Articulate Raises $1.5 Billion In Series A Round Led By General Atlantic, With Participation From Blackstone Growth And Iconiq Growth
Articulate Raises $1.5 Billion In Series A Round Led By General Atlantic, With Participation From Blackstone Growth And Iconiq Growth
07/01/21, 11:03 AM
Money raised
$1.5 billion
Round Type
series a
Articulate Global, LLC, a market-leading SaaS provider of online training tools and e-learning authoring apps for the new world of work, today announced a $1.5 billion Series A funding round led by General Atlantic, a leading global growth equity firm, and joined by funds managed by Blackstone Growth (BXG) and ICONIQ Growth. Bootstrapped by founder and CEO Adam Schwartz in 2002, today’s fundraise is Articulate’s first source of institutional capital, and the company is now valued at $3.75 billion in one of the largest Series A rounds ever. With these new partnerships, Articulate will aim to further accelerate its growth and scale internationally.
Company Info
Additional Info
Articulate is a leading, fully remote software company that is redefining and transforming the way the world learns. More than 112 million learners in 161 countries have learned new skills, gained new insight, and received career-boosting training made possible by Articulate apps.
More than 106,000 organizations worldwide, including all of the Fortune 100, have created millions of courses using Articulate’s online training apps. In February 2020, the company launched Rise.com, an all-in-one system that makes online training easy to create, enjoyable to take, and simple to manage. Articulate’s E-Learning Heroes Community has more than 980,000 members and is the largest and fastest-growing community in the training industry.