# Edume

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/edume

- Industry: Software
- Headquarters: London, UK
- Website: www.edume.com
- Total disclosed funding: $28M
- Latest round: Series B (Dec 22, 2021)
- Investors on record: 4

## About

Based in London, UK, Edume Limited develops AI-driven training solutions specifically designed for frontline workers, enabling organizations to create and deliver engaging learning content efficiently.Edume Limited, founded in 2015, specializes in AI-driven training solutions for frontline employees. The company has completed a total of 3 deals, with the most recent funding round being a Series B in December 2021, where they raised GBP 15 million led by Prosus Ventures, with participation from Workday Ventures and Valo Ventures. Jacob Waern is the CEO, and the company has its headquarters in London, UK.Edume specializes in providing AI-driven training solutions tailored specifically for frontline workers, addressing the unique needs of this segment often overlooked by traditional training methods. Their primary offering includes a platform that enables organizations to create, manage, and deliver engaging learning content quickly and efficiently. Key functionalities involve transforming long-form content into bite-sized microlearning modules, AI-powered translations, and optimization of existing materials to enhance the learning experience. Their solutions target frontline employees across various industries, including retail, hospitality, and logistics, and are integrated with widely-used tools such as Workday and Microsoft Teams to facilitate seamless access to training.In the most recent year, 2023, Edume generated revenue of GBP 4,072,148, with an EBITDA of GBP -5,632,963. The company utilizes a subscription-based model for revenue generation, allowing businesses to access their training platform and associated services by paying a recurring fee for creating and deploying training content.Following their recent Series B funding round in December 2021, where Edume Limited raised GBP 15 million, the company plans to enhance its investments in product innovation and development. This funding will support their goal of strengthening their leading position in on-demand workforce training and expanding into more verticals within their core U.S. market and globally. Specific new product launches and expansions into targeted geographic regions will likely occur as they continue to develop their platform and services.

## Funding rounds

- Series B, Dec 22, 2021, $20M — Workday Ventures, Prosus Ventures, Valo Ventures
- Series A, Jul 22, 2020, $4.9M — Connect Ventures, Valo Ventures
- Seed, Nov 13, 2018, $2.6M — Connect Ventures

## Investors

- Connect Ventures — Seed, Series A
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Series A, Series B
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B