Springboard – Edtech platform raises $31 Mn from Telstra Ventures

Edtech startup Springboard, on Wednesday raised a whopping $31 million in a Series B round led by Telstra Ventures.

Featured image: Co-founders of Springboard – Gautam Tambay (L) and Parul Gupta


SlideRule Lab, Bengaluru and San Francisco-based company that operates the edtech startup Springboard, on Wednesday raised a whopping $31 million in a Series B round led by Telstra Ventures, with participation from Vulcan Capital and SJF Ventures. The round also saw participation from existing investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital and Learn Capital.

The company aims to deploy the fresh funds to develop new hiring-focused products. It plans to grow its course offerings outside the high-tech industry to include additional skills gap disciplines. The company will also look to deepen its partnerships with universities and employers, enabling them to address their reskilling requirements in a post-pandemic economy.

JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!

WhatsApp
Telegram

Speaking of the development, Vivek Kumar, managing director at Springboard in a statement said,

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

“Technology used to be a niche area but that’s no longer the case. As more and more companies are built on technology, the need to understand concepts like data science, AI (artificial intelligence), ML (machine learning), UI/UX (user interface) has become more homogenous,”

Launched in 2013 by Gautam Tambay and Parul Gupta, Springboard is an online platform for workforce upskilling. It offers courses for early and mid-career professionals in analytics, data science, design, software engineering and other new economy fields. In 2019, it launched its services in India as its first geography outside the US. Springboard matches every student with a personalised mentor who provides weekly feedback. The platform claims to have enrolled over 20,000 students across more than 100 countries have used its platform to advance their careers.

Commenting on the investment round for Springboard, Albert Bielinko, Principal, Telstra Ventures, in a statement said,

“The education sector is facing a tectonic shift. As enterprises and countries alike seek more and better talent with digital skillsets, the technology training market is set to explode,”


As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

Articles: 963