CYPHER LEARNING raises $40M in growth equity round led by Invictus Growth Partners

SaaS News -CYPHER-LEARNING-Raises-$40-Million(source: SaaS Industry)
At a Glance

Invictus Growth Partners led a $40 million growth equity round for CYPHER LEARNING. The money will be utilized to enhance profitability while also boosting sales, marketing, and development of the company’s cutting-edge learning platform. Mr. DeLoche will join the Board of Directors of CYPHER LEARNING.

CYPHER LEARNING, a provider of learning management systems (LMS) for enterprises and educational institutions, has announced that it has raised $40 million in growth equity round from Invictus Growth Partners. 

The funds will be used to boost sales, marketing, and development of the company’s cutting-edge learning platform and increase profitability. This round marks the company’s first funding from an external source.

CYPHER LEARNING offers learning management systems (LMS) for all major e-learning industries. More than 20,000 organizations utilize the tools, which are accessible in more than 40 languages. Even though the worldwide LMS industry is projected to be worth more than $21 billion, it remains fragmented and filled by outmoded, small-scale businesses that have not kept up with the current demands of companies and educational institutions.

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.”

Graham Glass, CEO and founder of CYPHER LEARNING

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.

John DeLoche, co-founder and managing partner at Invictus Growth Partners

He added that his firm was delighted to be partnering with CYPHER LEARNING, and they were looking forward to supporting them in achieving their goals.

Mr.DeLoche will join CYPHER LEARNING’s Board of Directors. 

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