TD Securities Initiates Coverage on Docebo with Buy Rating and $37 Price Target

TD Securities has initiated coverage on Docebo with a Buy rating and a $37 price target. Docebo operates in the technology sector, providing cloud-based learning management systems, and exhibits strong financial health with robust revenue growth and profitability metrics. The company's valuation metrics suggest potential undervaluation, and analyst sentiment is positive. However, investors should remain aware of sector-specific risks and upcoming catalysts that may impact Docebo's performance.

Miami, FL / ACCESS Newswire / October 2, 2025 / Edflex, a leading provider of corporate digital training solutions, has announced a significant $18 million fundraising round. The funds were secured from Bpifrance via its Digital Venture fund, along with historical investors Educapital, Ternel, and Wille Finance Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1]. This latest round of funding marks a crucial milestone for the company, which aims to accelerate innovation, strengthen its AI capabilities, and expand globally.

Edflex, founded in 2016 by Clément Meslin, Philippe Riveron, Raphaël Droissart, and Rémi Lesaint, has already established itself as a major player in the corporate digital training market. With thousands of learning resources from over 10,000 publishers and more than 1.5 million users worldwide, the company has seen substantial growth Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1]. This funding round comes on the heels of Edflex reaching profitability in its core markets and follows a series of major breakthroughs, including the launch of Edflex Copilot and immersive role-playing features Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1].

The primary objective of this funding is to enhance Edflex's unique model of content curation and aggregation. The company plans to strengthen its partnerships with top training publishers and develop exclusive collaborations to deliver high-quality digital learning content across various formats, such as videos, workshops, podcasts, and online courses Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1]. Additionally, Edflex aims to deepen AI integration, incorporating increasingly realistic conversational features, real-life simulations, and advanced personalization of learning paths Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1].

The funds will also support Edflex's international expansion, following its first acquisition in Italy in 2024 and the opening of a North American office in 2025. The company aims to localize its solution, including new languages, country-specific job frameworks, and adapted compliance, to better serve its global client base Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1]. This includes hiring and building local teams in target markets and establishing structured alliances and localized distribution channels Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1].

Edflex's ambition is to become a global leader in the corporate learning market. With a strong base of international clients and partnerships with leading HR and learning platforms like 360Learning, Docebo, SAP, Workday, and Oracle, Edflex is well-positioned to scale further and deliver greater impact worldwide Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1]. The company's innovative approach to training, offering fresh content in 25 different formats, is designed to meet the diverse needs of learners and L&D/HR teams Edflex Raises $18m to Accelerate Innovation and Become a Global Leader in Digital Learning^[1].

For more information, please contact Ally Edwards directly at allyson.edwards@edflex.com.