Skilljar Series-B

This is the Skilljar pitch deck to raise a $33m series-b round in 2020.

About

Skilljar is a customer training platform for enterprises to accelerate product adoption and improve customer retention. Their cloud learning management system (LMS) makes it easy to create courses, distribute to web and mobile devices, and track results. It helps to accelerate product adoption, automate onboarding workflows, reduce support costs, and increase long-term customer satisfaction.

Skilljar solution allows users to offer courses from their own domain or from the solution’s content management system. The solution includes the option for the users to sell their course via a built-in e-commerce module, which enables direct deposit into the user’s account and corporate invoicing for customers wishing to send payment through a company. It also offers customizable course pages that include user’s branding. Courses include video, audio, live training, and instructor-led training.

Founded in 2013, the company is headquartered in Seattle, WA.

Seattle startup Skilljar, which offers digital customer education, has experienced increased demand during the pandemic due to remote work mandates.

The company started seeing a 5X spike in usage in April and May when, suddenly, all customer interaction — including training — had to be done virtually. Usage continued growing ever since and Skilljar’s revenue in its second quarter was 229% higher than it was last year.

Skilljar’s platform provides templates for businesses to build online training programs for their customers, including webinar-style courses, quizzes, and live video training in a self-contained website.

To keep up with accelerating demand, the company recently raised a $33 million Series B round led by Insight Partners (partner Jonathan Rosenbaum joined the board), with participation from existing investors Mayfield, Trilogy Equity Partners, and Shasta Ventures. Its valuation prior to the Series B was $46 million, but the firm declined to share its updated value.

Rosenbaum said he sees a huge market opportunity for Skilljar because training is key to customer happiness and retention. It currently counts Tableau, Qualtrics, Zuora, Zendesk, U-Haul, Verizon, and Cisco among its customers.

Funding rounds

Pitch deck review summary

Slide by slide review

Deck Collection

See the rest of the collection here:

BACK TO THE DECK COLLECTION