Simplilearn Raises $45 Mn In Series E Round Led By GSV Ventures
In addition to GSV Ventures, Clal Insurance and DisruptAD, ADQ’s venture platform also participated in this round. This funding comes at a time when edtech as a sector is going through turmoil and extreme volatility
Simplilearn, an edtech firm raises $45 million in series E round led by GSV Ventures, a multi-stage venture capital firm. In addition to GSV Ventures, Clal Insurance, and DisruptAD, ADQ’s venture platform also participated in this round.
The current investment brings in $45 million into the company, further boosting its growth across the globe.
Avendus continues to be an exclusive financial advisor to Simplilearn and its shareholders on the transaction.
Post the Blackstone investment in August 2021, Simplilearn has strategically deployed funds enabling growth over the past year.
Speaking on this round of funding, Krishna Kumar, Founder and CEO Simplilearn, said, “The Blackstone investment last year came at an ideal time to boost our growth globally, and further strengthen our customer-centric approach. Today, we are excited to partner with GSV Ventures, along with a strong set of co-investors in Clal Insurance and DisruptAD.”
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.”
