Simplilearn, a provider of certification courses to professionals, has raised USD15 million in Series C funding led by Mayfair, with existing investors Kalaari Capital and Helion Venture Partners also participating.
Simplilearn has raised a total of USD27 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," says 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," says 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.
