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Skilling Platform Disprz Bags $30 Million From Lumos And Others

Aug 07, 2023almost 2 years ago

Amount Raised

$30 Million

West OrangeProfessional ServicesSoftware

Investors

DisprzDallas Venture CapitalKoisKae Capital360 One Asset AndLumos Capital

Description

Disprz, a corporate learning and skilling platform, has raised $30 million in its Series C funding round led by Lumos Capital. 360 ONE Asset (IIFL Wealth) and returning investors Kae Capital, KOIS and Dallas Venture Capital also participated. The funding, a result of primary and secondary share sales, will be utilised for global market expansion and product development, including the integration of generative artificial intelligence across the learning and skilling cycle. Additionally, Disprz aims to form strategic partnerships and make strategic acquisitions, as per a statement

Company Information

Company

Disprz

Location

West Orange, New Jersey, United States

About

Disprz is an AI-powered, mobile upskilling and reskilling suite, helping enterprises unlock business potential by enabling organization-wide skilling, while personalizing learning for the individual. Be it knowledge or frontline workers, Disprz identifies and benchmarks employees’ skills needed for different job roles, assesses their current levels, creates impactful learning pathways, drives hyper-personalized learning to bridge skill gaps and drives learning adoption. Disprz makes available insightful analytics that link back skilling to business performance. Our goal is to empower organizations to drive the right skills to create immediate and sustained business impact - be it higher sales, better customer service, impactful leadership, or digital transformation. In addition to Disprz’s LMS and LXP platforms, our unique frontline enablement solution (FLE) is a mobile learning platform designed to address the unique needs of the distributed workforce. With multilingual options and a mobile-first approach, it helps keep the deskless workforce engaged & productive while learning. It includes features such as KPI-linked coaching, proctored assessments and on-the-job training workflows to enable them to be job-ready from Day 1. Our capability-building platform powers 250+ leading organizations like Amazon,Uber, Airtel, Bajaj Allianz, and Tata Motors, to name a few. 1.8 million + learners across the United States, India, Southeast Asia, and the Middle East, leverage our skills enhancement platform.

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech