Online Education Startup Springboard Secures US$9.5Mn Led By Costanoa
Online education startup, Springboard, has secured US $9.5 million in a Series A funding round led by Costanoa Ventures, with participation from Learn Capital and Appdynamics founder Jyoti Bansal. Existing investors including Blue Fog Capital, Rocketship.vc and Moneta Ventures also participated in the round.
The raised capital will be used to expand into newer verticals and geographies in India, and to upgrade its technology base.
The startup provides online short term courses in data science, user experience design and business analytics fields as well as long term courses for professionals in areas including digital marketing and data science.
Springboard’s training model involves connecting each student with an industry mentor who provides frequent feedback and career advice. Springboard claims its students have been recruited by companies like Google Inc., Visa Inc., Amazon.com Inc., Capital One Financial Corp. and The Nielsen Corp.
It has trained more than 7,000 students till date, and claims to have students and alumni in nearly 80 countries. The company also has more than 350 professional mentors on its platform from companies including Amazon, Airbnb Inc. and Uber Technologies Inc.
In the school and entrance exams segment, Bengaluru-based Unacademy, which offers a platform for educators to share learning content, raised $11.5 million from Sequoia and others in September. Byju’s Learning also raised an undisclosed funding from China’s Tencent Holdings Ltd in July, with total fund raise reaching $200 million.