Pluralsight LLC, a classroom training company, provides developer training services, has raised the amount of $135 million in venture capital, in the largest-ever funding round for a Utah company.
Aaron Skonnard, the company’s co-founder and chief executive, said the company seeks to “democratize tech education” and ensure that tech professionals and job seekers have the hard skills employers demand.
Insight Venture Partners, ICONIQ Capital and Sorenson Capital Partners led the Series B investment in the e-learning startup, which is based outside Salt Lake City.
According to Dow Jones VentureSource, only two other companies in the state have raised more than $100 million in a single round of venture funding before, both earlier this year: Domo Inc. and InsideSales.com Inc.
Mr. Skonnard said Pluralsight was able to attract the new funding thanks to his company’s revenue and user growth in the last two years, as well as increasing appetite in the market for “quality distance learning, content and skilled tech workers.”
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Pluralsight LLC, Utah, Utah Company, Aaron Skonnard, Democratize Tech Education, Insight Venture Partners, ICONIQ Capital, Sorenson Capital Partners, E-Learning Startup, Startup, Salt Lake City, Dow Jones VentureSource, Domo Inc., InsideSales.com Inc.