How Much Did Skilljar Raise? Funding & Key Investors

Skilljar has successfully raised funding through five rounds, with the latest being a Series B round. The platform is backed by notable investors, including Insight Partners and Mayfield Fund.

Skilljar's customer training platform offers a range of features designed to enhance learning experiences and drive user engagement. Keep reading to explore the intricacies of Skilljar's fundraising journey and the investors backing this innovative platform.

What Is Skilljar?

Skilljar is a customer training platform based in Seattle, Washington, designed to help enterprises accelerate product adoption and improve customer retention. The company operates in various sectors, including B2B, Corporate Training, EdTech, Enterprise Software, Internet, SaaS, Software, and Training.

With an employee count ranging from 101 to 250, Skilljar has been acquired by Gainsight. The platform offers features like high course completion rates, Salesforce integration, and auto-enrollment in certification exams, transforming courses into personalized Academy experiences that drive customer onboarding and adoption.

How Much Funding Has Skilljar Raised?

1. Pre-Seed Round
   • Amount Raised: USD 118,000
   • Date: August 2013
   • Lead Investors: Techstars
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of the platform and validate the business model.
2. Seed Round
   • Amount Raised: USD 1,100,000
   • Date: November 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the product and start initial customer acquisition.
3. Seed Round
   • Amount Raised: USD 2,600,000
   • Date: November 2015
   • Lead Investors: Trilogy Equity Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and scale the platform to meet growing customer demand.
4. Series A Round
   • Amount Raised: USD 16,400,000
   • Date: March 2018
   • Lead Investors: Mayfield Fund, Shasta Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and expand market reach.
5. Series B Round
   • Amount Raised: USD 33,000,000
   • Date: October 2020
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team, accelerate go-to-market programs, and enhance product development.

Total Amount Raised: USD 53,218,000. Current Valuation: Not publicly disclosed.

Key Investors

• Insight Partners
  • Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. They have a strong track record of helping companies scale and achieve significant growth.
  • Investment Focus Areas: Technology, Software, High-growth companies
  • Notable Investments: Twitter, Shopify, DocuSign
• Mayfield Fund
  • Details: Mayfield is a venture capital firm that focuses on early-stage investments in technology companies. They have been in the industry for over 50 years, supporting entrepreneurs in building impactful companies.
  • Investment Focus Areas: Technology, Early-stage companies, Innovation
  • Notable Investments: Lyft, SolarCity, Marketo
• Shasta Ventures
  • Details: Shasta Ventures is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and deep industry expertise.
  • Investment Focus Areas: Technology, Early-stage companies, Consumer and enterprise software
  • Notable Investments: Anaplan, Nest, Nextdoor
• Trilogy Equity Partners
  • Details: Trilogy Equity Partners is a private investment firm that provides capital and strategic support to early-stage and growth-stage companies. They have a history of successful investments in various sectors.
  • Investment Focus Areas: Early-stage companies, Growth-stage companies, Technology
  • Notable Investments: Zulily, T-Mobile, Clearwire
• Techstars
  • Details: Techstars is a global platform for investment and innovation. They run accelerator programs and provide mentorship to startups, helping them grow and succeed.
  • Investment Focus Areas: Startups, Innovation, Technology
  • Notable Investments: Not publicly disclosed

What's Next for Skilljar?

Skilljar stands at the cusp of significant growth opportunities, driven by the increasing demand for online learning and remote work solutions. With a recent $33 million Series B funding, the company is well-positioned to expand its team, accelerate go-to-market programs, and enhance product development. This funding will enable Skilljar to onboard, engage, and retain customers at scale, leveraging the growing importance of customer education platforms.

Future fundraising opportunities appear promising, given the successful Series B round and the involvement of prominent investors like Insight Partners. As Skilljar continues to scale its operations and expand its market presence, additional funding rounds may be pursued to further fuel growth. However, the company will need to navigate challenges such as maintaining quality during rapid expansion and staying ahead in a competitive market.

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