Simplilearn raises $45mn in new funding round led by GSV Ventures

Start-up added more than more than 120,000 paid learners in the past year

Simplilearn, an online platform for skilling and training, has raised $45 million from a consortium led by GSV Ventures, a multi-stage venture capital firm. Clal Insurance and DisruptAD, a venture platform, also participated in the funding round.

Simplilearn is getting the financing at a time when the technology funding ecosystem and education technology (edtech) market are witnessing volatility. The company has in the past year added more than 120,000 paid B2C learners, and over 100,000 enterprise learners. That is in addition to more than 2 million free learners joining Simplilearn’s platform every year.

Simplilearn said after getting Blackstone’s investment in