Disprz Secures $30m For Us Expansion

By Author: Arina Smith
Total Articles: 185
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Disprz, an AI-powered learning and skilling suite, has successfully raised $30 million in a Series C funding round led by Lumos Capital and 360 ONE Asset (IIFL). Notably, Kae Capital, KOIS, and Dallas Venture Capital also participated in the funding. The company plans to utilize the raised funds for global market expansion and product development, leveraging cutting-edge technologies like Generative AI in emerging markets such as India, and extending its presence to the US.

Established in 2015, Disprz has achieved remarkable growth and stands out as one of the few HR tech startups in the Series C segment. Despite the challenges posed by the pandemic, the company's consistent revenue growth underscores the resilience and relevance of its offerings within the HR tech landscape. Disprz serves industry giants including Thrasio, Amazon, and Mint Dentistry.

Kuljit Chadha, Co-Founder & COO of Disprz, emphasized the recession-proof nature of the problem Disprz addresses, asserting that the advancement of people remains a core concern regardless of economic fluctuations.

Disprz, led by Co-founder & CEO Subbu ...
... Viswanathan, is a trailblazer in the learning and skilling sector, focusing on equipping the workforce for the dynamically changing global landscape. The company's comprehensive B2B SaaS approach encompasses a Learning Management System, Learning Experience Platform, and Frontline Enablement offerings, catering to a diverse range of customer needs.

Rohan Wadhwa, Managing Director of Lumos Capital Group, highlighted Disprz's unique combination of product breadth and quality, positioning it to deliver unparalleled product innovation to its customers.

Having expanded its reach to every continent, Disprz serves over 350 organizations, including renowned household brands and industry leaders. The recent funding will facilitate the expansion of Disprz's global team, enabling the recruitment of data scientists, skilling experts, and engineers to enhance its product capabilities. The company's growth strategy includes forming strategic partnerships and potentially making acquisitions to further integrate within the broader learning ecosystem, including collaborating with HCM players, learning content providers, and assessment platforms.

Disprz envisions itself as a global people intelligence suite, extending its influence beyond employee skilling to support various stages in an employee's lifecycle. The company's mission is to empower organizations worldwide by leveraging skills, data, and personalization to unlock workforce potential.

https://www.techdogs.com/tech-news/business-wire/disprz-raises-30m-in-series-c-funding-to-expand-presence-in-the-us-market