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Tuesday, February 7, 2023

Edtech software training startup raises $4M in second Seed round

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An edtech cloud skills and workforce development platform has raised another $4 million in what the company is calling another Seed round, 10 months after raising $1.3 million in its first Seed round.

Local VC giant Square Peg has once again backed Saasguru, having also led the initial $1.3 Seed raise in January. Existing investors Black Nova and Antler also doubled down on the edtech training platform. The startup emerged from the Antler program in 2020 with pre-seed funding from the accelerator and VC.

The latest raise will be used to further build the company’s technology stack and expand into multiple in-demand cloud certifications.

Former consultants and co-founders Amit Choudhary and Atif Saad developed their platform to benchmark a cloud professional’s readiness for a certification exam alongside tailored learning experiences.

Saasguru automatically designs a personalized learning path for users, from micro-learning modules inspired by TikTok to insights, suggestions, and gamified learning, and provides access to a community of software experts for 1-1 mentoring. The platform targets both recent graduates starting their first job in cloud technologies and professionals who have one or more cloud certificates and are working towards the next.

More than 40,000 students from 20 countries have used the platform, with the company offering 15 programs for leading cloud providers, as well as partnering with more than 20 cloud consulting firms to help them accelerate cloud upskilling for new hires, as well as reskilling and updating existing ones plow.

Choudhary, the CEO of Saasguru, said they want to play a leading role in building cloud skills crisis and certification.

“Edtech is one ecommerce like experience for users. All users get a content overload with aggressive subscription models,” he said.

“Saasguru disrupts that with a personalized learning experience, supported by our gurus and leading to a very tangible result of skills, certifications and jobs.”

READ NOW: Square Peg’s Lucy Tan dived deep into the VC’s investments after criticism it didn’t support early stage startups – here’s what she found

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