Springboard raises $31 mn from Telstra Ventures
Edtech startup Springboard, which offers courses, employability tools and career services for professionals, has raised $31 mn in Series B funding, led by new investor Telstra Ventures. Vulcan Capital and SJF Ventures also participated along with existing investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital and Learn Capital.
The funding will be used to double down on student employability in response to the current job market in India and globally, by creating new hiring-focused products and strengthening employer partnerships to help graduates in the post-pandemic economy, Sringboard said.
“As more and more companies are built on tech, the need to understand concepts like Data Science, AI, ML, UI/UX has become more homogenous. For learning to be meaningful, it needs to encompass state-of-the-art curriculum with real-world projects as well as mentorship and that is what Springboard stands for. 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," said Vivek Kumar, Managing Director, Springboard.