Online professional certification courses provider Simplilearn has raised $15 million funding led by Mayfield, with participation from Kalaari Capital and Helion Venture Partners. Simplilearn CEO Krishna Kumar said that the funds will be used to invest in the platform, expand course coverage, and further expand in the US and other primary markets.
Following this round of funding, Simplilearn has raised a total of $27 million so far, including $10 million from Helion Venture Partners and Kalaari Capital in September 2013, and an undisclosed amount of funding from Kalaari Capital in August 2012.
Last year, the company had made a series of appointments: Gerald Jaideep was appointed as the Chief Operating Officer in November. In September, Simplilearn had also appointed Prashant Radhakrishnan as its Chief Sales Officer, while Quikr’s Gagan Singla had joined the company as its CMO in May.
Launched in 2009, Simplilearn claims to currently offer more than 300 certification courses in Project Management, Big Data and Analytics, Virtualization and Cloud, IT Service Management, Microsoft Certification, Quality Management, Financial Management and more. It had added certification and training programs for 51 Microsoft tech certifications in addition to seven bundled all-in-one Microsoft certification programs in September last year. It claims to have 15,000 active learners every month, and to have trained over 4 lakh professionals till date.
Other investments in the online education segment
– Bangalore-based online-offline higher education services provider iNurture Education Solutions had raised Rs 30 crore investment from Bertelsmann India Investments, in October last year.
– School educational services start-up Zaya Learning Labs had raised an undisclosed amount of investment from Pearson Affordable Learning Fund, in May 2014.
– Online education platform Embibe that helps students prepare for entrance tests had raised $4 million from Kalaari Capital and Lightbox Ventures, also in May.