SAN FRANCISCO, June 19, 2021 /PRNewswire/ -- CYPHER
LEARNING, a leading provider of learning management systems ("LMS")
for enterprises and educational institutions, announced today that
it has raised a $40 million
growth equity round from Invictus Growth Partners ("Invictus"),
marking its first outside financing. The investment will be used to
accelerate the sales, marketing, and development of its
cutting-edge learning platform, and build on its profitability.
Invictus Co-founder and Managing Partner, John DeLoche, will be joining CYPHER LEARNING's
Board of Directors.
Graham Glass, CEO and Founder
of CYPHER LEARNING, said:
"Our mission is to innovate in education and have a major impact
on the way people teach and learn. We bootstrapped the business to
profitability so had a high bar in terms of bringing on an equity
partner that would bring more than just capital. Invictus is the
perfect partner for us, bringing deep operating expertise, a broad
network, and unique data science resources that will enhance our
platform and help us scale faster. We are excited to have Invictus
as a partner as we continue to accelerate our vision of providing
enterprises and educational institutions worldwide with the best
online teaching and learning experience."
CYPHER LEARNING is the only company that provides an LMS for
all major e-learning sectors.The company has three
award-winning products: MATRIX LMS for Businesses, NEO LMS for
Schools and Universities, and INDIE LMS for Entrepreneurs. The
products are used by more than 20,000 organizations globally and
are available in more than 40 languages. The global LMS market is
estimated at more than $21 billion,
yet it is still very fragmented and populated with outdated,
subscale companies that have not kept up with the current needs of
enterprises and educational institutions. This large market has
created significant growth opportunities for CYPHER LEARNING as its
leading-edge learning platform continues to gain traction due to
its intuitive user experience, powerful functionality, and
innovative approach to teaching and learning.
"CYPHER LEARNING's unique positioning in the industry and the
vast addressable market in both the business and K-2O sectors has
led to tremendous growth that we expect will rapidly increase over
the next several years," continued Graham
Glass, CEO and Founder of CYPHER LEARNING.
John DeLoche, Co-Founder and
Managing Partner at Invictus Growth Partners, said:
"CYPHER LEARNING's platform brings many benefits to enterprises
and educational institutions, including ease of use, consistency of
learning, innovative tracking and reporting, increased engagement,
and better learning results. Graham and his leadership team have
created a world-class learning platform with innovative automation,
mobile, social, and gamification features that is built to scale
and lead the space across all sectors. We are honored to partner
with CYPHER LEARNING and look forward to working with them to
achieve their mission."
For more details about CYPHER LEARNING and its products, please
visit cypherlearning.com.
About CYPHER LEARNING
CYPHER LEARNING is a
company based in San Francisco
that specializes in providing learning platforms to organizations
worldwide. CYPHER LEARNING has three products: MATRIX LMS for
Businesses, NEO LMS for Schools and Universities, and INDIE LMS for
Entrepreneurs. The products are used by over 20,000 organizations,
support 40+ languages, and have won several awards. CYPHER LEARNING
is currently the only company that offers platforms in all major
e-learning sectors: academic, corporate, and entrepreneurship.
About Invictus Growth Partners
Invictus Growth
Partners is a growth equity and buyout firm which invests in
bootstrapped and capital efficient, automation-enabled cloud
software, cybersecurity and fintech companies which seek capital
and strategic resources to accelerate their growth. The firm and
all their professionals are based in San
Francisco, CA.
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SOURCE CYPHER LEARNING