Articulate Raises $1.5 Billion In Series A Round Led By General Atlantic, With Participation From Blackstone Growth And Iconiq Growth
Jul 01, 2021•about 4 years ago
Amount Raised
$1.5 Billion
Round Type
series a
Description
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.