No Cash Crunch For Edtech Startups As Startup ‘Springboard’ Raises $31 Million Funding
EdTech Startup Springboard has raised $31 million in Series B round of funding led by new investor Telstra Ventures.
The funding round also saw participation from Vulcan Capital and SJF Ventures. Existing investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital, and Learn Capital also participated in the funding round.
The startup plans to use the funding amount to improve student employability by creating new hiring-focused products and strengthening employer partnerships.
As per a release, with this funding, Springboard has cumulatively raised more than $50 million.
Founded by Parul Gupta and Gautam Tambay in 2013, Springboard is an online learning startup, and it focuses on mentor guidance and skill-based courses like data science, user experience design, AI, and business analytics among others.
The startup has offices in Bengaluru and California.
Talking about the funding round, Vivek Kumar, Managing Director at Springboard, said,
“With this funding, we are in a good position to build on our strengths to provide in-demand job skills and holistic support at every step.”
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