We’re excited to share a major milestone in the Eruditus and Emeritus journey! Eruditus, the parent company of Emeritus, raised $150M in a Series F round led by TPG’s The Rise Fund, with participation from pre-eminent investors like SoftBank Investment Advisers Vision Fund 2, Leeds Illuminate, Accel, CPP Investments | Investissements RPC, and the Chan Zuckerberg Initiative. This investment strengthens our mission to make high-quality education more accessible to learners worldwide 🌍 and accelerates our continued innovation in AI-powered learning and the expansion of our enterprise solutions serving governments and companies. For us, success is a measure of the lives we touch, and together, we have now impacted more than 1 million learners. A big thank you to our team, partners, and the global community of learners who make this journey possible! Together, we're transforming education, one learner at a time. Ashwin Damera | Chaitanya Kalipatnapu | Emeritus | Emeritus India | Emeritus - LATAM | Emeritus China #GlobalImpact #MissionDriven #Emeritus #EdTech #EmpoweringEducation #FutureOfLearning #TheEmeritusImpact #Milestone #ScalingUp
When Chaitanya Kalipatnapu and I founded Eruditus Executive Education fourteen years ago we envisioned making high-quality education accessible and affordable to individuals around the world. Each step we’ve taken since then has been guided by this vision. Today I am excited to share that our company has closed a $150 million Series F round led by TPG’s The Rise Fund which invests in growth-stage, high-potential, mission-driven companies that have the power to change the world. Pre-eminent existing investors SoftBank Investment Advisers Vision Fund 2, Leeds Illuminate, Accel, CPP Investments | Investissements RPC and the Chan Zuckerberg Initiative are also participating in this round. Having reached profitability on a full year basis last year, this capital enables us to bolster our global growth strategy and super-charge our mission while accelerating key investments such as enriching the learner experience through the power of AI and continuing to expand our enterprise business which serves government and companies around the world. For us, success is a measure of the lives we touch and together we have now impacted more than 1 million learners. Today is a meaningful milestone—a testament to our incredible Eruditus Executive Education & Emeritus team, our esteemed partnerships with leading universities around the globe, our record of success, and the tremendous opportunities that our future holds as we continue to build long term, sustainable growth. It’s a moment of gratitude and reflection on our journey so far. Thank you to everyone who has been part of our journey. We are changing the world through the power of education, one learner at a time. And we’re going the distance. https://lnkd.in/dmWKkvce
