Summit Partners completed the $56m investment in LearnUpon.

Summit Partners, a private equity investment firm that invests in a broad range of companies headquartered in North America and Europe, completed the $56m investment in LearnUpon, a provider of cloud-based learning management system. “We believe every learning opportunity should be an experience that advances employee, partner and customer success, and LearnUpon is purpose-built to help organizations of all sizes achieve this goal. Summit brings deep experience scaling SaaS businesses, as well as a number of dedicated growth-focused and technology resources that we believe will help LearnUpon build on the momentum we have established in the market. We are excited for the opportunities that this partnership will bring to our team, customers and partners," Brendan Noud, LearnUpon CEO and Co-Founder.