News: Disprz raises $30 million in series C funding

Funding & Investment

Disprz raises $30 million in series C funding

The funding will be utilised to expand presence in the global markets and product expansion.
Disprz raises $30 million in series C funding

Disprz, an AI-powered learning and skilling suite established in 2015, has raised $30 million in its Series C funding round. The funding round was led by Lumos Capital and 360 ONE Asset (IIFL), with participation from Kae Capital, KOIS, & Dallas Venture Capital. 

The funds raised in the round will be utilised for global market expansion and product development using new-age technologies like generative AI in emerging markets such as India, & expanding to the US. Thrasio, Amazon, Mint Dentistry, & others are prominent clients of Disprz.

The fundraise will enable Disprz to expand its global team, hire data scientists, skilling scientists, and engineers to complement its product capabilities & accelerate success through bigger & local go-to-market teams. 

Additionally, the company intends to establish strategic alliances and undertake targeted acquisitions, collaborating with the wider learning ecosystem. This includes forging partnerships with human capital management (HCM) entities, platforms specialising in people rewards, learning content providers, and organisations involved in assessments.

“The company’s consistent revenue growth, during and after the peak of the pandemic, shows that people's advancement is recession-proof problem statement within HR tech - it is a core problem of humanity,” stated Kuljit Chadha, Co-Founder & COO, of Disprz.

Subbu Viswanathan, Co-founder & CEO of Disprz, said, "Disprz is at the forefront of innovation in the learning and skilling space. We are on a mission to equip the workforce for the rapidly changing world, and we solve this mission using a B2B SaaS approach."

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Topics: Funding & Investment

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