Led · Series D · Jun 2026

Centrical offers a comprehensive performance management platform that integrates real-time performance tracking, gamification elements, and personalized learning to help organizations improve employee engagement and productivity. The company is headquartered in New York City and was founded to address workforce performance improvement. With the $39M Series D, Centrical plans to scale operations and continue developing its platform. The financing positions the company to expand its product and operational footprint, though the article did not disclose revenue or user metrics. Leadership highlighted the capital will support continued platform development and scaling efforts. No additional historical funding details or valuation were provided in the article.

Participated · Series F · Oct 2024

Eruditus makes education accessible and affordable to individuals, companies, and governments through short courses, degree programs, professional certificates, and senior executive programs. It collaborates with more than 80 universities across the United States, Europe, Latin America, Southeast Asia, India, and China to deliver its offerings. The company raised $150M in a Series F to fund growth and product investment. Eruditus plans to use the proceeds to invest in AI technology to enrich the learner experience, expand its business serving governments and enterprises, and deepen investments in India and the broader APAC region. The Eruditus Group employs more than 1,750 people globally and maintains offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company emphasizes partnerships and program expansion to increase affordability and accessibility of education worldwide. Eruditus partners with leading universities (MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and others) to offer executive courses for working professionals. The firm has launched more than 100 courses in multiple languages and says it has educated over 250,000 individuals across more than 80 countries. Eruditus claims $185 million in revenue for FY21 and reported 120% year-on-year growth, estimating gross bookings of $500 million for FY22. The company is SoftBank-backed and led by Chaitanya Kalipatnapu and Ashwin Damera. Eruditus has pursued inorganic expansion, including a $200 million acquisition of Silicon Valley-based iD Tech to enter the K12 space. Management expects acquisitions to contribute up to 30% of top line and EBITDA over the next five years. Eruditus partners with over 30 top-tier universities, including MIT, Harvard, Columbia, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and NUS, to develop and deliver executive-level courses. The company offers more than 100 courses priced between $5,000 and $40,000 and serves students in over 80 nations. It uses technology and data to create and deliver high-quality courses and focuses on upskilling amid rapid technological disruption. Eruditus plans to deploy the new funds to develop more courses and build new products. Financially, the ten-year-old Mumbai-based startup was valued at $3.2 billion in this round, up from about $700 million a year ago. The company counts Chan Zuckerberg Initiative and Sequoia Capital India among its existing backers. Eruditus partners with more than 30 top-tier universities to develop and deliver over 100 executive-level courses to students in over 80 nations. Course prices range from $5,000 to $40,000, and the company offers tailored learning and tracks course outcomes for learners. The Mumbai-based, 10-year-old company has offices in six countries, employs more than 650 people, and enrolled 50,000 students in the past 12 months. Partner universities named in coverage include MIT, Harvard, Columbia, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and NUS. Eruditus raised new capital to further scale its business and reach more learners. It plans to use the funds to partner with more universities, expand in emerging markets, and invest in developing career-ready courses to address workforce needs. Eruditus is an Indian online education startup focused on offering online education. The company has raised $40 million in a Series C round. The round was led by Sequoia India and joined by existing investor Bertelsmann India Investments, according to the announcement. The article did not disclose product details, future plans, revenue, user metrics, or valuation. No other participating investors or financing terms were provided in the coverage.

Participated · Series F · Oct 2024

Eruditus announced it has raised $150 million in a Series F financing. The raise was reported from Kolkata on Oct. 18. The round was led by TPG’s The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform. Existing investors SoftBank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative participated. The article does not provide details on Eruditus’s core product, business model, future plans, or operating metrics. The report also does not disclose use of proceeds or other financial performance metrics.

Participated · Series F · Oct 2024

Eruditus partners with over 80 top-tier universities, including MIT, Harvard, Wharton, INSEAD, and the University of Cambridge, to deliver more than 700 professional learning programs to over one million learners in 80+ countries. Its core offering is professional and executive education programs delivered in partnership with universities. The company says the refinancing will support continued global growth and operational scaling and provide financial flexibility to accelerate profitable expansion across international markets, according to CEO and co-founder Ashwin Damera. In FY24 the firm's operating scale grew 12% to Rs 3,733 crore and it narrowed adjusted EBITDA losses by 83.45% to Rs 69 crore (about $8.3 million). Eruditus has pursued large private financings in recent years, including a $650 million equity round in August 2021 that entered it into the unicorn club and a $150 million Series F in October last year led by TPG’s The Rise Fund. The company has also received SEBI approval for a Rs 3,820 crore IPO. Eruditus partners with over 80 top-tier universities to deliver more than 700 professional learning programs to over 1 million individuals in 80+ countries. Its offerings include certification programs, professional certificates, and workforce leadership development with strong emphasis on faculty-student engagement, course customization, mentoring, coaching, and career counseling. The company has launched proprietary AI-powered tutors for students and partnered programs and is accelerating investments in generative AI to enrich the learner experience. Demand for Eruditus’ enterprise solutions is rising, and the company reports revenue growth of 45% last year. Course completion rates for professional learners are reported at 85%. Eruditus plans to expand its business serving governments and enterprises, deepen investments in India and APAC, and pursue future acquisitions and investments to drive further growth. Eruditus is an edtech unicorn that offers programs through partnerships with more than 50 top universities and has expanded into K‑12 after acquiring Silicon Valley‑based iD Tech. The company says it provided services in over 80 countries in FY21 and reported 120% year‑on‑year growth in 2021–22, with 2.5x organic growth. Eruditus expects to clock gross bookings of $500 million for the current year and projected that its acquisition pipeline could contribute as much as 30% to top line and EBITDA within five years. Leadership has a stated mandate to deploy between $750 million and $1 billion in M&A over the next 12 months to accelerate growth and expand global footprint. Management said the company was "very close" to achieving profitability and expects to be profitable in FY23 despite aggressive M&A plans. Backers named in coverage include Accel, GSV, the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus, Sequoia Capital India, Bertelsmann and Chimera. Eruditus Learning Solutions Pte Ltd offers executive learning programmes to professionals. The company is described as Mumbai-headquartered in the article. It completed a $650 million Series E financing. The round was led by Accel US and SoftBank Vision Fund II. Following the raise, Eruditus achieved unicorn status. The article notes it was the sixth Indian startup to become a unicorn that month. Eruditus operates executive education and online programmes through Eruditus Executive Education and Emeritus, partnering with recognized universities including Columbia, MIT and Harvard. The group offers management programmes, short courses and online curriculum and says it will enroll 30,000 students across more than 80 countries in the current fiscal year. Nearly half of its customers come from the US and India, accounting for 30% and 15% of customers respectively, with the remainder from Europe, Latin America and Southeast Asia. The company says it has grown threefold in the last year and expects to touch $100 million in bookings by July. Earlier it raised $2.3 million in venture debt from Innoven Capital to extend runway and delay equity funding. Eruditus plans to use new capital to expand operations into China, increase its Latin American footprint and introduce more courses in artificial intelligence and machine learning.

Participated · Series C · Apr 2022

IntelyCare operates an AI-based, tech-enabled nurse staffing platform that schedules and matches nursing professionals (IntelyPros) with open assignments at healthcare organizations. The platform combines data and behavioral science with machine learning to optimize pay rates and shift matching. The company reports more than 30,000 nursing professionals working with IntelyCare at over 1,600 facilities; IntelyPros more than doubled in 2021 while client demand nearly tripled year-over-year. Since its Series B in February 2020, IntelyCare’s annual revenue has grown by more than 850%. IntelyCare emphasizes a nurse-centric approach, offering W-2 employment with benefits and continuing education to improve retention. The company plans to use new funding to expand into additional states and invest heavily in its AI-based platform and data science technology to address post-acute care staffing needs. IntelyCare is a Quincy, Mass.-based intelligent workforce management solution for post-acute facilities offering a platform and mobile app that connects nurses with flexible on-demand shift opportunities. Its system intelligently matches nurses to open shifts using advanced machine learning algorithms that optimize matching and pricing, creating shifts before facilities know their own need. The platform is designed to reduce burnout and turnover among nursing staff. In February 2020 the company raised $45M in Series B new equity and debt financing. The round was led by new investor Endeavour Vision and included Kaiser Permanente Ventures and Generator Ventures. IntelyCare intends to use the funds to expand operations and broaden its business reach. IntelyCare provides an AI-powered workforce management solution that matches nurses to open shifts at post-acute healthcare facilities and dynamically prices wages to improve fill rates. The product includes a mobile app that surfaces tailored shifts, geofencing for check-in/check-out, automated billing, downloadable credential profiles, and a rating system that refines matching over time. Its matching and pricing engine uses dozens of data elements and more than 600,000 observations; nurses who use the app open it about five times per day and shifts can be filled in as little as six hours. Predictive analytics forecast potential openings weeks in advance to help facilities plan and immediately fill shifts when posted. IntelyCare says it will use the new funding to expand development and adoption of its platform to help address a nationwide nursing shortage. The company is headquartered outside of Boston, Mass., and emphasizes increasing nurse flexibility and reducing administrative burden for facilities.