Total amount raised
$192.5 Millions
Latest funding date
Location
Pluralsight has successfully raised significant capital through multiple funding rounds, culminating in a notable acquisition by Vista Equity Partners for $3.5 billion. The platform offers a comprehensive suite of tech courses, hands-on labs, and skill assessments designed to meet the needs of individuals and businesses alike.
Keep reading to explore the intricacies of Pluralsight's fundraising journey and the investors backing this innovative platform.
What Is Pluralsight?
Pluralsight, founded in 2004 in Farmington, Utah, is a technology learning platform designed for software developers, IT admins, and creative professionals. The company was established by Aaron Skonnard, Bill Williams, Fritz Onion, and Keith Sparkjoy.
Pluralsight offers a wide range of tech courses, hands-on labs, and skill assessments to help individuals and teams develop critical skills. The platform serves customers in over 150 countries, providing resources to align around digital initiatives and build adaptable teams.
With a workforce of 1001-5000 employees, Pluralsight continues to innovate and expand its offerings, ensuring that users stay ahead in the rapidly evolving tech landscape.
How Much Funding Has Pluralsight Raised?
- Series A
- Amount Raised: $27.5M
- Date: January 2013
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's content catalog and customer base.
- Series B
- Amount Raised: $135M
- Date: August 2014
- Lead Investors: Insight Partners
- Valuation at Round: Close to $1 billion
- Motivation Behind the Round: To support rapid growth, expand the enterprise customer base, and enhance the learning experience.
- Series C
- Amount Raised: $30M
- Date: December 2016
- Lead Investors: ICONIQ Growth, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's offerings and market presence.
Total Amount Raised: $192.5M. Current Valuation: Close to $1 billion.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. Founded in 1995, the firm has raised more than $30 billion in capital commitments.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Twitter, Shopify, DocuSign.
- ICONIQ Growth
- Details: ICONIQ Growth is a Silicon Valley-based multi-family office investment firm known for its secrecy and high-profile clients. It provides financial advisory and investment management services to influential families and organizations.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Uber, Airbnb, Alibaba.
- Sorenson Capital
- Details: Sorenson Capital is a private equity firm that provides capital and strategic support to middle-market companies. The firm focuses on helping businesses achieve growth and operational improvements.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Health Catalyst, Instructure, Workfront.
What's Next for Pluralsight?
Pluralsight stands at the cusp of significant growth opportunities, driven by the increasing demand for online professional training. With a robust content library and a global customer base, the company is well-positioned to expand its offerings and integrate into corporate training modules and educational curriculums. The potential for further acquisitions and content development remains vast, promising substantial market penetration.
Future fundraising efforts could be on the horizon to support these ambitious growth plans. However, Pluralsight will need to navigate challenges such as maintaining high-quality content and staying ahead of competitors like lynda.com and Skillsoft. Effective integration of acquisitions and adapting to rapidly changing technology trends will be crucial for sustained success.
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