Enterprise skilling platform, Disprz, has secured an undisclosed sum in a bridge round between Series B & Series C rounds from Silverneedle Ventures and other current investors. The latest funding is aimed at expansion in the US and UK markets by pushing the pedal on hiring and marketing.
In 2021, Disprz raised $13 million in Series B round from Dallas Venture Capital (DVC), Mars Growth Capital and others. Silverneedle Ventures (earlier Xseed Partners) has been one of the early backers of Disprz since 2016.
On the investment, Ajay Jain, Founder & Managing Partner of Silverneedle Ventures, said, “With regards to space in general, given the rapid technical & process changes at the workplace, upskilling has become a huge space. The problem statement is real and universal, hence on the consumer side there is a great propensity to pay. Developed and emerging markets are at different stages in the lifecycle with emerging markets having several segments waiting to be captured.”
Subramanian Viswanathan, Co-Founder & CEO of Disprz, on the fundraise said, “Enterprises in these markets are at different levels of digital learning readiness and we have a solution for each, be it a cloud-based learning management system or a sophisticated skills-based learning experience platform.”