The global edtech-focused venture capital firm GSV Ventures led a new round of fundraising for the edtech platform Simplilearn, which brought in $45 million.
Clal Insurance, DisruptAD, and ADQ’s venture platform also participated in the round, as per reported by The Economics Times.
Simplilearn, a company founded in 2010 by Krishna Kumar, provides professional learners with upskilling and certification opportunities in rapidly expanding digital fields.
“The Blackstone investment last year came at an ideal time to boost our growth globally, and further strengthen our customer-centric approach. Today, we are excited to partner with GSV Ventures, a globally recognised investor with a strong track record in the education sector, along with a strong set of co-investors in Clal Insurance and DisruptAD. This funding … at a time when the industry is going through turmoil … stands as a testimony to our steady, profitable growth,” said Krishna Kumar, founder and CEO of Simplilearn.
It develops these programmes in association with academic institutions including Purdue University, Wharton Online, IIT Roorkee, and IIT Kanpur, as well as companies that specialise in technology like IBM, Microsoft, Amazon, Meta, and KPMG.
The business says that SkillUp, a free online learning platform, has more than 2 million learners. Simplilearn’s financial advisor for the deal was Avendus.
Simplilearn is the world’s #1 online bootcamp and one of the world’s leading certification training providers. They partner with companies and individuals to address their unique needs, providing training and coaching that helps working professionals achieve their career goals.