Dallas Venture Capital & Others lead $13 million fundraising round for Disprz
Dallas Venture Capital and Mars Growth Capital led a $13 million Series B fundraising round for enterprise skilling provider Disprz.
Go1 (an Australian unicorn in this field), Tara India Fund IV, managed by KOIS, Auctus Capital (the family office of Vikas Phadnis, cofounder of Euro Kids), and Kae Capital (a prominent seed fund) were among the existing investors in the round, according to the firm.
The funds will be used to develop industry-specific product solutions, launch a sales and marketing division in the United States, and extend Disprz's current presence in Southeast Asia and the Middle East.
“Dallas Venture Capital’s founding team are former founders who have scaled and exited start-ups and their understanding of the SaaS space, coupled with their strong network in the US, make them a perfect partner for Disprz as we look to establish ourselves in developed markets, particularly the US,” says chief executive Subramanian Viswanathan.
Disprz is an AI-powered learning and skilling suite that helps firms right-skill their workforce for the digital-first future. It was founded in 2015 by Viswanathan and Kuljit Chadha. Over 1.2 million people use the service now.
Wellness Forever, More Retail, Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions, Hindustan Coca-Cola Beverages, KBZ MS General Insurance, Oman Oil, and AIA Group are among the companies that use Disprz's services.
“We started out as a single product company, but are now a multi-product company, addressing the skill needs of both frontline and knowledge workers through unique offerings, while solving key business problems,” said Chadha, its chief operating officer. “We are no longer just a good-to-have learning platform but a core business platform that can provide our customers with a competitive advantage.”
He noted that the company will focus on areas such as banking, insurance, fintech, eCommerce, and high-tech, where it has strong expertise in skill recognition, measurement, and effect.
Global learning and development investment reached $360 billion in 2019, according to Disprz, and the Covid-19 epidemic has accelerated this spending. In 2025, spending is estimated to reach $500 billion.
“By 2025, we aim to achieve the vision of reaching a top line of $100 million across the globe,” the company said.
Disprz wants to repeat its success in India and the Asia-Pacific region in other major markets across the world.
“The pandemic has also acted as a catalyst to the rapidly growing skills-tech market,” said Gokul Dixit, Venture Partner at Dallas Venture Capital. “We believe that the DVC Advantage program, focused on start-up companies’ needs in multiple areas such as product and technology strategy, executive mentorship, talent acquisition and with an enhanced focus on business development, would greatly benefit Disprz during this exciting growth phase.”
Go1 (an Australian unicorn in this field), Tara India Fund IV, managed by KOIS, Auctus Capital (the family office of Vikas Phadnis, cofounder of Euro Kids), and Kae Capital (a prominent seed fund) were among the existing investors in the round, according to the firm.
The funds will be used to develop industry-specific product solutions, launch a sales and marketing division in the United States, and extend Disprz's current presence in Southeast Asia and the Middle East.
“Dallas Venture Capital’s founding team are former founders who have scaled and exited start-ups and their understanding of the SaaS space, coupled with their strong network in the US, make them a perfect partner for Disprz as we look to establish ourselves in developed markets, particularly the US,” says chief executive Subramanian Viswanathan.
Disprz is an AI-powered learning and skilling suite that helps firms right-skill their workforce for the digital-first future. It was founded in 2015 by Viswanathan and Kuljit Chadha. Over 1.2 million people use the service now.
Wellness Forever, More Retail, Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions, Hindustan Coca-Cola Beverages, KBZ MS General Insurance, Oman Oil, and AIA Group are among the companies that use Disprz's services.
“We started out as a single product company, but are now a multi-product company, addressing the skill needs of both frontline and knowledge workers through unique offerings, while solving key business problems,” said Chadha, its chief operating officer. “We are no longer just a good-to-have learning platform but a core business platform that can provide our customers with a competitive advantage.”
He noted that the company will focus on areas such as banking, insurance, fintech, eCommerce, and high-tech, where it has strong expertise in skill recognition, measurement, and effect.
Global learning and development investment reached $360 billion in 2019, according to Disprz, and the Covid-19 epidemic has accelerated this spending. In 2025, spending is estimated to reach $500 billion.
“By 2025, we aim to achieve the vision of reaching a top line of $100 million across the globe,” the company said.
Disprz wants to repeat its success in India and the Asia-Pacific region in other major markets across the world.
“The pandemic has also acted as a catalyst to the rapidly growing skills-tech market,” said Gokul Dixit, Venture Partner at Dallas Venture Capital. “We believe that the DVC Advantage program, focused on start-up companies’ needs in multiple areas such as product and technology strategy, executive mentorship, talent acquisition and with an enhanced focus on business development, would greatly benefit Disprz during this exciting growth phase.”
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