• eLearning Brothers, a corporate learning platform, raised USD 54 million in a funding round led by RLG Capital and Trinity Investors, bringing the company’s total funding to USD 92 million. 

<ul><li> The fresh funds allowed the company to acquire Rehearsal and Origin Learning and to restructure its debt. Following the debt recapitalization, Prudential’s PGIM Private Capital will replace all previous debtholders and become the company’s sole debt provider, providing a USD 100 million line of credit for upcoming acquisitions.</ul> 

• The company expanded its geographic presence, strengthened its product offering, and increased headcount to 500+ (from ~50 employees in 2020) with several acquisitions over the past 20 months. By customer type, eLearning Brothers generated ~95% of revenue from the corporate space, and, in terms of offering, it generated ~50% of revenue from services. Furthermore, it expects to report revenue of USD 40 million for FY2022. Its largest corporate clients currently are Procter and Gamble, Twitch, PayPal, Microsoft, and AARP. 

<ul><li> Analyst QuickTake : After 10 years of bootstrapped operations, eLearning Brothers has been active in the M&A space since 2020, which led to the company acquiring and integrating five distinct technology companies. In April 2020, eLearning Brothers acquired its longtime partner Trivantis, creator of the Lectora authoring tool and the CenarioVR virtual reality course builder. eLearning Brothers also acquired Edulance, developer of the KnowledgeLink LMS with which the company has partnered since 2019. In March 2021, eLearning Brothers acquired The Game Agency, the creator of The Training Arcade, a DIY game-authoring tool, to offer game-based learning on its platform. Its most recent acquisitions were in January 2022, when it acquired Rehearsal, a video-based training and coaching platform, and Chennai-based Origin Learning, a learning design and technology company. </ul>