LONDON, England - January 2024
Kennet Partners, Great Hill Partners and EIFO have recently entered into an agreement to sell co-owned portfolio company, Eloomi, a Learning and Development platform provider to Ceridian, a global human capital management (HCM) software company. Kennet will generate a return in excess of 3x their investment in Eloomi.
Founded in 2015, Eloomi is a SaaS learning and development platform that makes it easy for companies worldwide to train and develop their people. Today, thousands of organizations trust Eloomi to manage their learning and people development. Since Kennet first invested in Eloomi in 2019, the company has grown rapidly to 150 employees and now has a significant presence in the Nordics, UK and USA.
Over the last five years Kennet has supported Eloomi’s founder and CEO, Claus Johansen to build Eloomi’s management team, expand Eloomi internationally and to accelerate the company’s growth.
Hillel Zidel, Managing Director, Kennet Partners, said:
“Eloomi is a great example of the type of company in which we seek to invest. It was clear that the business had solid foundations but needed support and capital to scale-up and expand into the UK and US. We were able to support Claus Johansen and the team to accelerate Eloomi’s growth trajectory and are proud of what we have collectively achieved. We wish the company all the best as it moves into the next chapter in its exciting development.”
Claus Johansen, Founder and CEO, Eloomi, said:
At Eloomi we are proud of the journey and collaboration with Kennet Partners over the past 5 years. Kennet gave us great support when needed, challenged us in the right moments, and were professionals that had a real interest in the team, the business and the sector. It has been a blast for us to work with Kennet on our journey. Kennet has been a strong contributor to our success so far. We now look forward to working with the team at Ceridian”
Founded in 2015 with offices in Copenhagen, London and Orlando, Eloomi offers a cloud-based Learning and People Development platform to global corporates. Eloomi has succeeded in taking large market share due to its understanding of customer demands and a focus on innovation. Eloomi offers an intuitive, easy to use and out of the box product with strong AI features. For more information: www.eloomi.com