LearnUpon, the Dublin-based agentic learning platform, has secured a $50 million (€44.5 million) growth financing facility from Claret Capital Partners. The non-dilutive capital matters to the sector because it funds product development, international expansion and acquisitions in corporate learning.

Founded in 2012, LearnUpon provides a learning management system that creates AI-generated modules for employee onboarding, upskilling and compliance, with customers including Waymo, Wayve and World Rugby. It has offices in the US, UK and Serbia and opened a Sydney headquarters this year, where local headcount has risen 80% in two years.

LearnUpon acquired AI-assisted course authoring platform Courseau in November 2025, now called CreateUpon, and the facility is intended to fund further acquisitions of agentic AI companies.

At $50 million, the facility ranks in the top 10% of all debt rounds raised by education companies in Ireland.

Claret Capital Partners, a London-based growth debt fund manager, describes itself as Europe’s largest independent growth debt fund manager and has been active in technology financing for over 25 years. Its model provides debt solutions that help companies grow while minimising dilution.

LearnUpon’s agentic model has humans define business goals, vision and compliance guardrails, while AI agents handle administrative workflows, real-time content curation, skill gap closing and localised delivery.

Brendan Noud, CEO and Co-founder of LearnUpon, said: “We believe the real winner in the AI era won’t just be the fastest technology, but the organizations that best unlock human potential.”

Philip Treacy, Vice President, Claret Capital Partners, said: “LearnUpon has built a strong, scaled business and is now moving quickly to capture the opportunity agentic AI is creating in corporate learning.”

The structural driver is the use of non-dilutive debt rather than equity, which lets a scaled software company fund acquisitions and expansion without issuing equity, in exchange for repayment obligations.

For the sector, the facility shows growth debt becoming an alternative to equity for software companies funding AI-led acquisitions and international expansion.

Source: irishtechnews.ie / konsulteer.com / dealroom.co / claret-capital.com