Disprz, a Chennai, India-based Skill-development platform, raised $13 million (around Rs 96 crores) in a Series B funding.
The round was led by Dallas Venture Capital and Mars Growth Capital. Other investors who participated in this round include Go1 (an Australian unicorn), Tara India Fund IV being managed by KOIS, Auctus Capital (Family office of Vikas Phadnis, Co-Founder of Eurokids), and Kae Capital.
The company plans to utilize the funds to scale up its product and engineering teams, establish a sales and marketing division in the US, expand its presence in Southeast Asia and the Middle East markets, and invest in building industry-specific product solutions.
Company: Heuristix Digital Technologies, LLC
Raised: $13.0M
Round: Series B
Funding Month: November 2021
Lead Investors: Dallas Venture Capital and Mars Growth Capital
Additional Investors: Go1, Tara India Fund IV, Auctus Capital, and Kae Capital
Company Website: https://www.disprz.com/
Software Category: Skill-development platform
About the Company: Founded in 2015 by Subramanian Viswanathan, an alumnus of IIT-Madras, ISB, and McKinsey and Kuljit Chadha, Disprz operates on a software-as-a-service (SaaS) model, and offers an employee development and engagement platform for enterprises. Disprz is an AI-powered right skilling suite, helping enterprises unlock business potential by enabling organization-wide skilling. Disprz has been recognized as a minicorn by Tracxn on the 'Emerging Startups 2021: Top Corporate Learning' list. disprz is also the winner of the Aatmanirbhar Bharat Innovation challenge 2020, where it was declared the Best eLearning App among more than 1062 contenders in the prime minister's eLearning category's Radio Address.
Source: https://www.vccircle.com/disprz-raises-13-mn-led-by-dallas-venture-capital-and-mars-growth-capital-in-series-b-funding-round