Edtech Business

En Route to IPO, Pluralsight Raises Additional $30 Million

Dec 13, 2016

PLURALSIGHT, which offers an online library of more than 5,000 technical, design and business courses for professionals, recently raised $30 million in a recent round, CNBC reports. The funding comes courtesy of existing investors Insight Venture Partners and Iconiq Capital.

Founded in 2004, the company, whose offerings have been compared to Lynda.com, has been very active in acquisitions, having snapped up eight companies since 2013. These deals are fueled by the company’s $135 million Series B round in 2014. Skonnard told CNBC this latest funding will help the company pay off debt from these purchases and hire salespeople. He added the company sees annual revenues between $100 million and $200 million and is headed toward an initial public offering.

Edtech Business

En Route to IPO, Pluralsight Raises Additional $30 Million

Dec 13, 2016

PLURALSIGHT, which offers an online library of more than 5,000 technical, design and business courses for professionals, recently raised $30 million in a recent round, CNBC reports. The funding comes courtesy of existing investors Insight Venture Partners and Iconiq Capital.

Founded in 2004, the company, whose offerings have been compared to Lynda.com, has been very active in acquisitions, having snapped up eight companies since 2013. These deals are fueled by the company’s $135 million Series B round in 2014. Skonnard told CNBC this latest funding will help the company pay off debt from these purchases and hire salespeople. He added the company sees annual revenues between $100 million and $200 million and is headed toward an initial public offering.

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