Higher edtech platform Simplilearn has raised $45 million in a new funding round led by GSV Ventures at an undisclosed valuation. The funding round also saw Clal Insurance and DisruptAD, a venture platform participation.
The edtech company would use the funds to boost its growth plans in India and international markets. Simplilearn offers digital skilling programs for professionals, enabling them to upskill and get certified in fast-growing digital domains.
Founder and CEO Krishna Kumar said, “We continue to witness the accelerated need for a digitally skilled workforce across industries and Simplilearn continues to be focused on bridging the digital skill gap.”
In the past year, the company has added more than 120,000 paid B2C learners, and over 100,000 enterprise learners. Deborah H. Quazzo, Managing Partner at GSV Ventures, said, “Like many other sectors, technology is disrupting education, and edtech has been a key focus area for us. We look forward to a promising future of continued customer-centricity, enabling professionals across the globe to become highly skilled in the digital economy.”