Invictus Growth Partners has invested a $40 million growth equity round in Cypher Learning, a provider of learning management systems for enterprises and educational institutions. 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.”
DeLoche 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.”