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Edu tech startup Simplilearn secures $15 million in Series C funding

Tags: Simplilearn, Mayfield, Kalaari Capital, Helion Venture Partners, tech-education

April 23, 2015 | COMMENTS ( 0 )

Edu tech startup Simplilearn secures $15 million in Series C funding

Simplilearn, a tech-education company providing certification courses to professionals has announced that it has closed $15 million in Series C funding. The Series C was led by Mayfield with participation from Kalaari Capital and Helion Venture Partners. Including this round, Simplilearn has now raised a total of $27 million in capital.

“Simplilearn has had an impressive growth over the last few years and we are confident that this momentum will continue as more individuals seek professional certification(s) to succeed.” said Navin Chaddha, MD, Mayfield. “We believe that the additional capital will allow Krishna and his team to grow even faster and outpace the market.”

Simplilearn has so far impacted over 400,000 learners globally with over 15,000 active learners, a month from almost every country around the world.

“Our strength has been in providing a wide range of certification-based courses that have direct impact on the learners’ career. This focus on impact has ensured that we continue to grow at an aggressive pace,” says, Krishna Kumar, CEO, Simplilearn. “With more of our learners moving to mobile & online learning, the current funding will allow us to continue to invest in the platform, expand our course coverage, and also look at rapidly expanding in the US and other primary markets.”

Rajesh Raju, MD, Kalaari Capital, said, “Certification training is a serious business and we pride ourselves in guiding our customers to achieve career growth and success. This team has made significant progress in this space and the latest round will further strengthen our positioning in the US and international markets.”

“The certification-based training industry is seeing a phenomenal growth and Simplilearn is leading this from the front,” said, Rahul Chowdhri, Partner, Helion Venture Partners. “This additional capital infusion will allow them to aggressively invest and expand.”

Simplilearn offers a multitude of training and certifications for business use and career advancement. The blended learning platform offers a combination of online classes, in-person workshops and corporate trainings, all led by Simplilearn’s over 2,000 qualified trainers. Courses span vendors, industries and platforms: Simplilearn offers training for everything from Advanced Cloud Computing to Six Sigma.

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