Simplilearn Raises $45M In Series E Round Led By GSV Ventures

Edtech firm Simplilearn has raised $45 million in Series E funding from a consortium led by GSV Ventures, a multi-stage venture capital firm. The funding round also saw participation from Clal Insurance, DisruptAD, and ADQ’s venture platform.

As per the firm, the raised funds will be used to further boost its growth across the globe.

Simplilearn | Online Bootcamp For Digital Skills Training

Founded by Krishna Kumar in 2010, Simplilearn is a San Francisco- and Bengaluru-based edtech firm that offers digital skilling programmes for professionals, enabling them to acquire the skills they need to thrive in the digital economy.

It provides rigorous online training in disciplines such as Cyber Security, Cloud Computing, Project Management, Digital Marketing, and Data Science, among others.

Speaking about the development, Krishna Kumar, founder and CEO of Simplilearn, said,

“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.”

Krishna Kumar, Founder and CEO of Simplilearn

Simplilearn creates programmes in collaboration with educational institutions such as Purdue University, Wharton Online, IIT Roorkee and IIT Kanpur, and technology majors such as Amazon, Meta, IBM, Microsoft, and KPMG.

The firm claims to have seen significant growth in the past year and has added over 1,20,000 paid B2C learners and more than 1,00,000 enterprise learners on its platform. Also, the edtech firm claims to have over 2 million learners on its free digital training platform SkillUp.

Commenting on the development, Deborah H Quazzo, Managing Partner, GSV Ventures, said,

“Given the company’s promising growth trajectory over the past years, we are excited to partner with Blackstone, Krishna Kumar, and Simplilearn to accelerate growth and contribute to building one of the world’s leading digital upskilling companies. We look forward to a promising future of continued customer-centricity, enabling professionals across the globe to become highly skilled in the digital economy.”

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