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Articulate

SaaS/e-learningUSA
✂️ Markdown
Peak $3.75 BillionToday
~-50%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $3.75 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$1.88B
Current status
Fallen unicorn est.

How it happened

Articulate is a SaaS company making e-learning authoring and course-creation tools, which reached a ~$3.75B valuation during its 2021 funding round. As the SaaS funding environment cooled, third-party estimates (including PitchBook) marked the company down significantly, by roughly 50%, reflecting reduced private-market valuations rather than a public listing.

Source: CNBC/PitchBook