Skilling platform Disprz bags $30 million from Lumos and others
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.
“We are right now in the middle of our $10 million to $100 million ARR (annual recurring revenues) journey. The raised capital will let us build our next generation of products.
We are a multi-product company, we have a suite of offerings on learning and upskilling for mid and large enterprises in emerging markets like India, southeast Asia, middle east and we've just made our trip to the US,” founder and CEO Subramanian Viswanathan told ET. Viswanathan said that the company currently has 12 clients in the US.
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