Total amount raised
$52.4 Millions
Latest funding date
Location
Disprz has successfully raised multiple rounds of funding, with the latest being a Series C round. The platform offers a range of products and services designed to enhance learning, upskilling, and workforce mobility.
Keep reading to explore the intricacies of Disprz's fundraising journey and the investors backing this innovative platform.
What Is Disprz?
Disprz, founded in 2015, is a Chennai-based company specializing in AI-driven learning and upskilling solutions. The company operates in various industries, including analytics, AI, B2B, corporate training, and enterprise software.
Founded by Kuljit Chadha and Subramanian Viswanathan, Disprz has grown significantly, now employing between 251 and 500 people. The company offers a range of products such as a Learning Management System, Frontline Enablement, and personalized skilling tools, all aimed at enhancing workforce productivity and aligning skills with business strategies.
How Much Funding Has Disprz Raised?
- Seed Round
- Amount Raised: Not disclosed
- Date: January 2017
- Lead Investors: Kae Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $2.5M
- Date: May 2018
- Lead Investors: Infrastructure Leasing & Financial Services Limited
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product offerings and scale the business.
- Debt Financing
- Amount Raised: $400K
- Date: October 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and short-term financial needs.
- Venture Round
- Amount Raised: Not disclosed
- Date: January 2019
- Lead Investors: Xseed Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market reach.
- Series B
- Amount Raised: $1.6M
- Date: October 2020
- Lead Investors: Auctus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase customer acquisition.
- Series B
- Amount Raised: ₹960M
- Date: November 2021
- Lead Investors: Dallas Venture Capital, Mars Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand into new markets.
- Debt Financing
- Amount Raised: $5M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational costs and strategic initiatives.
- Convertible Note
- Amount Raised: Not disclosed
- Date: January 2023
- Lead Investors: Silverneedle Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into the US and UK markets, focusing on hiring and marketing.
- Series C
- Amount Raised: $30M
- Date: August 2023
- Lead Investors: 360 ONE Asset, Lumos Capital Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth, enhance market presence, and develop strategic partnerships.
Total Amount Raised: $39.5M
Current Valuation: Not publicly disclosed
Key Investors
- Lumos Capital Group
- Details: Lumos Capital Group is a venture capital firm that focuses on investing in innovative education and workforce development companies. They aim to support businesses that leverage technology to enhance learning and skill development.
- Investment Focus Areas: Education technology, workforce development, innovative learning solutions.
- Notable Investments: Not publicly disclosed.
- Kae Capital
- Details: Kae Capital is an early-stage venture capital firm based in India. They focus on investing in companies that have the potential to scale and disrupt their respective industries.
- Investment Focus Areas: Technology, consumer internet, healthcare.
- Notable Investments: HealthifyMe, 1mg, Fynd.
- Silverneedle Ventures
- Details: Silverneedle Ventures, formerly known as Xseed Partners, is a Hyderabad-based venture capital firm. They have been early backers of Disprz since 2016.
- Investment Focus Areas: Early-stage technology companies, AI, cloud technologies.
- Notable Investments: Not publicly disclosed.
- Dallas Venture Capital
- Details: Dallas Venture Capital (DVC) is an investment firm that participated in Disprz's 2021 funding round. They focus on investing in technology companies with innovative solutions.
- Investment Focus Areas: Technology, growth-stage companies, innovative solutions.
- Notable Investments: Not publicly disclosed.
- Mars Growth Capital
- Details: Mars Growth Capital is an investment firm that focuses on providing growth capital to technology companies. They participated in Disprz's 2021 funding round.
- Investment Focus Areas: Growth-stage companies, technology, scalable businesses.
- Notable Investments: Not publicly disclosed.
What's Next for Disprz?
Disprz is poised for significant growth as it expands into the US and UK markets, leveraging its AI-powered learning and skilling solutions. The company plans to enhance its presence in these developed markets by focusing on hiring and marketing efforts, which could unlock substantial opportunities for growth.
Future fundraising rounds, such as a potential Series C, may be on the horizon to support these ambitious expansion plans. However, Disprz will need to navigate challenges like intense competition and varying levels of digital learning readiness across different regions. Maintaining growth momentum while scaling operations globally will be crucial for their continued success.
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