2024 Revenue
$6.9M
Funding
$4.5M
YOY
44.9%
Team
59
Founded
2014
How Elucidat CEO Steve Penfold grew to $6.9M revenue with a 59 person team in 2024.
Developer of a cloud-based e-learning software designed to help institutions and freelancers deliver responsive courses. The company's platform helps authoring teams create highly engaging content that is accessible on any device including PCs, tablets, and mobile devices.
Last updated
Elucidat Revenue
In 2024, Elucidat's revenue reached $6.9M. The company previously reported $4.7M in 2023. Since its launch in 2014, Elucidat has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Elucidat Hit $6.9m revenue in October 2024 | |
| 2023 | Elucidat Hit $4.7m revenue in December 2023 | |
| 2021 | Elucidat Hit $3.4m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Elucidat Valuation, Funding Rounds
Elucidat has not publicly disclosed its valuation. The company has raised $4.5M in total funding to date.
Elucidat has raised $4.5M in total funding across 1 round, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $4.5M | - | - |
Founder / CEO
Steve Penfold
CEO
Coming from a family of teachers and with a history running successful software companies, Steve’s passion for using technology to enable better learning experiences is unsurprising. He’s a master of focus and ensures everyone at Elucidat is always working toward the most important thing: delivering value for our customers.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Elucidat yet.
Elucidat Employees & Team Size
Elucidat employs approximately 59 people as of 2026, down from 69 in 2023, including 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 59 employees (December 2024) |
| 2024 | Reached 58 employees (October 2024) |
| 2023 | Reached 69 employees (December 2023) |
| 2022 | Reached 70 employees (December 2022) |
| 2021 | Reached 60 employees (December 2021) |
| 2021 | Reached 49 employees (April 2021) |
Frequently Asked Questions about Elucidat
What is Elucidat's revenue?
Elucidat generates $6.9M in revenue.
Who founded Elucidat?
Elucidat was founded by Steve Penfold.
Who is the CEO of Elucidat?
The CEO of Elucidat is Steve Penfold.
How much funding does Elucidat have?
Elucidat raised $4.5M.
How many employees does Elucidat have?
Elucidat has 59 employees.
Where is Elucidat headquarters?
Elucidat is headquartered in Brighton, England, United Kingdom.
Compare Elucidat to the industry
Elucidat operates across multiple industries. Browse revenue, funding, and growth data for Elucidat in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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