Simplilearn Announces $15 Million in Series C Funding
San Francisco, CA (PRWEB) April 23, 2015 -- Simplilearn (simplilearn.com), a leading edtech company providing certification courses to professionals, today announced it raised $15 million in Series C funding to continue to fuel the company’s impressive growth and success. The round was led by Mayfair, with existing investors Kalaari Capital and Helion Venture Partners also participating. With this round, Simplilearn has raised a total of $27 million in capital.
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.
“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, Managing Director of Mayfield. “We believe that the additional capital will allow Krishna and his team to grow even faster and outpace the market.”
“Our strength has been in providing a wide range of certification-based courses that have direct impact on the learner’s career. This focus on impact has ensured that we continue to grow at an aggressive pace,” says Krishna Kumar, CEO of Simplilearn. “With more of our learners moving to mobile and 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.”
“Certification training is a serious business, and we pride ourselves in guiding our customers to achieve career growth and success,” said Rajesh Raju, Managing Director of Kalaari Capital. “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 at Helion Venture Partners. “This additional capital infusion will allow them to aggressively invest and expand.”
Simplilearn was founded in 2009, and launched its signature blended learning solution in early 2010. It is currently one of the largest certification training providers in the world, offering over 200 courses and over 40 global accreditations. More than 400,000 people have been certified using Simplilearn in courses including Hadoop, Six Sigma, PMP and SAP among others.
Simplilearn is currently presenting its training solutions at DEMO in San Francisco. For more information, visit simplilearn.com.
About Simplilearn
Simplilearn is a leading provider of professional certification courses that addresses the unique learning needs of working professionals. With a large India-based back office that operates 24/7, Simplilearn provides unmatched customer experience, which handholds a customer – right from enrolling into an online course to getting Industry-recognized certificate in hand. Simplilearn represents 20 certification bodies, prominent ones being PMI, Exelos, Scrum Alliance, Peoplecert, and The Open Group. Simplilearn is now diversifying into vendor certification like those from Microsoft, Cisco, and Salesforce. For more information, please visit simplilearn.com.
About Mayfield
Mayfield is a global, early-stage venture capital firm with over $2.6 billion under management. During its 45-year history, the firm has invested in more than 500 companies, of which 113 have gone public and over 150 have merged or been acquired. The firm is currently deploying Mayfield XIV, a $365 million US fund and Mayfield India II, a $108 million dedicated India fund, and investing in the energy and technology sectors in China. For more information, please visit http://www.mayfield.com.
About Helion Venture Partners
Helion Venture Partners is a leading multi-stage venture fund with over $600 million under management. The fund invests across the technology and consumer sectors. For more information, visit http://www.helionvc.com.
About Kalaari Capital
Kalaari Capital is a leading early-stage venture capital fund with a focus on technology-oriented companies. The fund is passionate about investing in entrepreneurs who are poised to be tomorrow's global leaders. For more information, visit http://www.kalaari.com.
Chayanika Goswami, Simplilearn Americas LLC, http://www.simplilearn.com, +91 9663219944, [email protected]
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