ETU, a provider of the world’s leading learning simulation platform, has recently announced a strategic growth investment led by Mission Springs Ventures and Pacific Lake Partners, along with participation from other private investors. Though, the financial terms of the investment were not disclosed.
With the investment, the company will fuel its continued growth with additional capital and management resources focused on customer value creation.
As part of the transaction, Ms. Laidlaw will assume leadership of the business in the role of CEO. ETU’s co-founder, Dr. Declan Dagger, will continue in his role as Chief Operating Officer of the company.
Founded within Trinity College Dublin over 10 years ago by Dr Declan Dagger, Prof Vincent Wade, Prof Michael Gill and Dr Brian Fitzmaurice and developed with two Trinity alumni, Dr Conor Gaffney and Gordon Power, ETU’s solution provides immersive simulation-based learning that delivers breakthrough improvements in the application of skill.
With ETU, organizations can design, build transformative digital learning & development programs, deliver immersive, job-relevant learning experiences at scale, and objectively measure the impact of L&D initiatives (on learners and the business).
Commenting on the investment, Co-founder & COO of ETU, Declan Dagger, said:
“ETU is on a growth trajectory that will accelerate under Katie Laidlaw. Our growth shows that the market is primed for a Learning Simulation Platform that effectively develops and measures critical skills. Katie’s excellent business acumen and keen leadership style is the perfect combination to lead ETU forward.”
The startup partners with innovative enterprises where people, thinking and skills are critical assets and competitive advantage. Its solutions help transform how their clients develop and upskill workforces to win in the knowledge economy – globally and at scale.
Headquartered in Dublin, ETU has a positive impact on the lives and careers of millions of learners around the world. The firm is honored with the opportunity to partner with an impressive list of Fortune 100 and global organizations, empowering learners to become more productive and raise their level of performance. As the platform continues its exponential growth, it remains committed to industry leadership in simulation learning.
Katie Laidlaw, Co-founder & CEO of ETU, added:
“It’s with tremendous optimism that I join ETU and lead it into the next phase of growth. There is so much opportunity in front of this team and product. I am excited to serve the growing needs of our customers and the broader market.”
ETU has seen significant growth in recent years, with annual revenue doubling last year and another doubling expected to be recorded this year. The Irish EdTech company claims to have more than a million people who are now using the Software as a Service platform. Its clients include PWC, IBM, Merck, Deloitte, Microsoft and Macy’s.