Enterprise skilling platform Disprz has announced that it has secured $13 million in the series B funding round co-led by Dallas Venture Capital and Mars Growth Capital. Existing investors including Go1, KOIS’s Tara India Fund IV, Auctus Capital along with Kae Capital also participated in the round.
Speaking on the investment, Kuljit Chadha, Co-Founder and COO of Disprz, commented, “We started out as a single product company, but are now a multi-product company, addressing the skill needs of both frontline and knowledge workers through unique offerings, while solving key business problems. We are no longer just a good-to-have learning platform but a core business platform that can provide our customers with a competitive advantage.”
“We are going deep into sectors such as banking, insurance, fin-tech, eCommerce and high-tech, where we have now developed deep expertise on skill recognition, skill measurement and skill impact. We aim to strengthen the efficient backbone of the brands that touch our daily lives. We already do this in India and emerging APACs and we expect to replicate this in major global economies,” added Kuljit.
Gokul Dixit, Venture Partner, Dallas Venture Capital, said, “The founders’ pedigree and vision, the company’s continued traction in emerging markets and the huge untapped potential for skills-tech globally, excited us to partner with Disprz. The pandemic has also acted as a catalyst to the rapidly growing skills-tech market. We believe that the DVC Advantage program, focused on start-up companies’ needs in multiple areas such as product and technology strategy, executive mentorship, talent acquisition and with an enhanced focus on business development, would greatly benefit Disprz during this exciting growth phase.”
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