Springboard, a San Francisco, CA – based online school for workforce upskilling, raised $11M in post Series A financing.
The round was led by Reach Capital, with participation from Pearson Ventures, International Finance Corporation (IFC), as well as returning investors Costanoa Ventures, Learn Capital, and Blue Fog Capital.
The additional funding will enable Springboard to continue expanding its offering into new verticals and geographies, enhance career services and employer partnerships, and launch more alumni-focused initiatives.
Led by co-founders Parul Gupta and Gautam Tambay, Springboard is a school for workforce upskilling that offers fully-online, job-guaranteed courses for early- and mid-career professionals in analytics, data science, design, software engineering and other new-economy fields where the demand for talent exceeds supply. Students study part-time, without quitting their jobs, and enjoy access to one-on-one calls with expert industry mentors and career coaches. So far, over 14,000 students have been trained. Earlier this year, Springboard launched three programs in India, where the technology workforce is expected to grow 300% by 2024.
The company plans to grow its Indian presence and continue its expansion into additional geographies in 2020 and beyond.
Springboard has also announced it has partnered with Microsoft to train and place 5,000 students into analytics jobs over the next 3 years, through its new Data Analytics Career Track.