Springboard, a mentor-guided online learning platform that prepares people for in-demand careers, has raised $31 million in Series B funding, bringing its total capital raised to more than $50 million.

The round was led by new investor Telstra Ventures, with participation from Vulcan Capital and SJF Ventures, and returning investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation, 500 Startups, Blue Fog Capital, and Learn Capital.

Co-founded by Gautam Tambay and Parul Gupta in 2013, San Francisco-based Springboard is a learning model that has enabled career transition into in-demand technology fields via its job-guaranteed programmes that are taught online.

Springboard stated it will use the capital to double down on student employability in response to the current job market by creating new hiring-focused products and strengthening employer partnerships to help graduates land their dream careers.

Tambay, chief executive of Springboard, said: “We’re in the middle of the largest global labour market shift in over a century, as millions of displaced workers look to make the difficult transition into new, in-demand careers. Our remote-first, mentor-guided model is uniquely positioned to serve not only these individuals, but also universities and employers who need help navigating today’s new economic reality. We’re delighted to partner with a great group of investors, as we continue on our mission to transform over one million lives by 2030.”

Date published: 6 August 2020

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