San Francisco based edtech startup, Springboard, announced on Wednesday (5th August, 2020) that it has secured USD 31 million in series B funding round led by new investor Telstra Ventures. a mentor-guided online learning platform, on Wednesday (5th August, 2020).
The investment round also saw participation from SJF Ventures and Vulcan Capital, and returning investors Costanoa Ventures, Learn Capital, International Finance Corporation (IFC), Pearson Ventures, 500 Startups, Reach Capital and Blue Fog Capital.
The new capital brings the total funding secured by the company to more than USD 50 million. Company believes that the latest funding infusion will help Springboard further support job-seeking graduates by creating several innovative tools for India and global markets.
About the company
Springboard was launched in the year 2013 by Parul Gupta and Gautam Tambay. It is a mentor-guided online learning Platform as a Service (PaaS). With expert mentorship from top professionals the platform prepares students for the tech industry’s, most sought after careers.
Springboard had launched India as its first geography outside the US in 2019 and has placed its learners in Fortune 500 and world-renowned companies such as LinkedIn, Salesforce, Samsung, Cisco and Visa.
“The latest round of capital will enable Springboard to double down on student employability in response to the current job market in India and globally, by creating new hiring-focused products and strengthening employer partnerships to help graduates land their dream careers,” the statement said.
The start-up is also planning to deepen its collaboration with employers or employment agencies and universities in order to provide for their evolving reskilling needs in a virus affected economy.
India is witnessing one of its toughest challenges owing to the recent job losses due to the coronavirus outbreak. It has impacted a large segment of the workforce and thus, it is imperative for displaced workers to make the difficult transition into new, in-demand careers, explains Co-founder of Springboard, Parul Gupta.
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