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Docebo
Docebo builds an AI-powered LMS used by enterprise clients globally, taken private by General Atlantic and Evergreen Coast Capital in 2024.
Docebo
Docebo is an Italian enterprise software company that develops a cloud-based learning management system (LMS) incorporating artificial intelligence to personalize training content. The firm went public on the Toronto Stock Exchange in 2019, raising capital to expand its platform internationally. Its product suite targets corporate learning needs across employee training, compliance, customer education, and partner enablement. Docebo's LMS competes with platforms from Cornerstone OnDemand, SAP SuccessFactors, and Workday, differentiated by AI features such as content recommendations and automated course creation. The company reports serving clients including Amazon, Toyota, and Unilever (per public company filings, 2023). Revenue reached $189.3 million in 2024, up from $157.6 million in 2023 (per the firm's financial reporting, 2024). In July 2024, private equity firms General Atlantic and Evergreen Coast Capital completed a $2.3 billion acquisition of Docebo, taking the company private (per Bloomberg, July 2024). The deal valued Docebo at approximately $5.40 per share, a 25% premium over the stock's prior closing price. As a private entity, Docebo's ownership structure now sits under a holding company alongside its founders and management team. Docebo operates as a standalone software firm, not a family office or investment vehicle. Its structure is defined by its public-to-private transition and product scale rather than any multi-asset capital allocation mandate. The company maintains dual offices in Rome and Milan, with a global customer base across North America, Europe, and Asia.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Italy
City
Rome
Corporate office
Rome, Italy
Additional offices
Milan, Italy
Sector focus
Frequently asked questions
Who runs investment decisions at Docebo?
Docebo is a publicly traded company that became private in 2024 through acquisition by General Atlantic and Evergreen Coast Capital. Investment decisions are made by the board of directors and management team, not a single family office or investment firm. The company's executive leadership, including CEO Claudio Erba, directs capital allocation for product development, acquisitions, and market expansion.
Is Docebo structured as a family office or investment firm?
Docebo is an enterprise software company, not a family office or investment manager. It develops and sells a cloud-based learning management system. The firm's ownership after the take-private includes General Atlantic, Evergreen Coast Capital, and founders, but Docebo itself does not manage third-party capital or make investments beyond its software business.
What investment stages does Docebo typically target?
Docebo does not target investment stages — it is an operating software company. Prior to its take-private, the firm was publicly listed on the Toronto Stock Exchange. Private equity owners General Atlantic and Evergreen Coast Capital may hold the company for a growth period before an eventual exit, but Docebo itself is not an investment vehicle.
Which sectors does Docebo explicitly avoid?
Docebo focuses exclusively on the enterprise learning and development software market. It does not operate in financial services, real estate, venture capital, or any asset management verticals. The company's product is strictly a SaaS platform for training and education.
How is Docebo related to Docebo S.p.A.?
Docebo S.p.A. is the Italian legal entity of the Docebo group, incorporated under Italian law as a Società per Azioni (public limited company). The firm maintains headquarters in Rome and Milan, Italy, with subsidiaries in other countries for global operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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