Avendus Capital Advises Simplilearn on Its USD 45 MN Fundraise Led by GSV Ventures

We continue to witness the accelerated need for a digitally skilled workforce across industries and Simplilearn continues to be focused on bridging the digital skill gap. Continuing on our path of mindful growth, we are grateful for how far the company has come today. The Blackstone investment last year came at an ideal time to boost our growth globally, and further strengthen our customer-centric approach. Today, we are excited to partner with GSV Ventures, a globally recognized investor with a strong track record in the education sector, along with a strong set of co-investors in Clal Insurance and DisruptAD. This funding came at a time when the industry is going through turmoil and stands as a testimony to our steady, profitable growth.

We believe GSV Ventures, Clal Insurance, and DisruptAD will bring value to our company given their experience, scale and global network which will further enhance our efforts towards growing Simplilearn and sustaining our leadership, globally. We also thank our existing investor, Blackstone, for their resolute support and trust in our journey of becoming a market leader.

With immense experience investing and working with education firms around the world, it is certain that the demand for knowledge-gain and upskilling is omnipresent. Like many other sectors, technology is disrupting education, and edtech has been a key focus area for us. Simplilearn is a unique player in the digital skilling space with premium content and partnerships with various marquee universities and enterprises. Given the company’s promising growth trajectory over the past years, we are excited to partner with Krishna Kumar and Simplilearn to accelerate growth and contribute to building one of the world’s leading digital upskilling companies. We look forward to a promising future of continued customer-centricity, enabling professionals across the globe to become highly skilled in the digital economy.

Simplilearn has emerged as the leader in the global skilling landscape on the back of phenomenal execution. It has built a highly scalable global business with marquee university and industry partners in a capital efficient way. The partnership with GSV Ventures, Clal Insurance and ADQ reinforces investor confidence in the company's business model and ability to deliver tangible outcomes to its learners. It has been a privilege to have partnered with Krishna and Blackstone on this journey.