# Elucidat funding: rounds and investors

> Elucidat has raised $171M across 2 rounds since 2023. Investors include YFM Equity Partners. Every round with its source.

Source: https://millionrounds.com/company/elucidat (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Elucidat*

2 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Education

Funding summary Updated 26 Oct 2026

**$171M** raised across 2 rounds since 2023, from 2 sources

**$2.4M** Growth **$168M** Round

- **Latest round:** Round, $168M Jul 2023
- **Step-up i:** 70.2×
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024

**$2.4M** Growth

**$168M** Round

- **First round:** Growth, $2.4M
- **Biggest round:** $168M
- **Between rounds:** 7 months

## The rounds

- **Jul 2023** Round **$168M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Jan 2023** Growth **$2.4M** *1 new* [YFM Equity Partners](https://millionrounds.com/fund/yfm-equity-partners) Source recorded

## Funding filed with regulators

Elucidat filed one raise, $168M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jul 2023 **$168M** UK share allotment

## Founders and team

From Elucidat's own website: 4 on the team.

- **Adam Thompson** Chief Executive Officer
- **Harper Wells** Chief Compliance Officer
- **James Mullaney** Chief Technology Officer
- **Jay Sharp** Chief Human Resources Officer

## Everyone who backed them

[YFM Equity Partners](https://millionrounds.com/fund/yfm-equity-partners) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=elucidat).

## Quick answers about Elucidat

### Who invested in Elucidat?

Elucidat's investors include YFM Equity Partners.

### How much has Elucidat raised?

Elucidat has raised $171M across 2 rounds since 2023.

### When did Elucidat last raise?

Elucidat's most recent round, $168M, was in Jul 2023.

### What was Elucidat's biggest round?

Its most recent round, $168M in Jul 2023, is also its largest on record.

### Who backed Elucidat first?

Elucidat's first round on record, in Jan 2023, was backed by YFM Equity Partners.

### What stage is Elucidat at?

Elucidat's latest named round is a Growth, in Jan 2023.

### Where is Elucidat based?

Elucidat is based in the United Kingdom.

## Companies like Elucidat

In the same sector, and raised in the last eighteen months.

[**Gaia Learning** $1.9M · Jul 2026](https://millionrounds.com/company/gaia-learning)[**Lucida AI** $7.8M · Jun 2026](https://millionrounds.com/company/lucida-ai)[**Multiverse** $72M · May 2026](https://millionrounds.com/company/multiverse)[**Graphcore** $835M · May 2026](https://millionrounds.com/company/graphcore)[**Ineffable Intelligence** $1.1B · Apr 2026](https://millionrounds.com/company/ineffable-intelligence)[**PolyAI** $209M · Apr 2026](https://millionrounds.com/company/polyai)

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