WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Web Hosting Computer Hardware Tuesday, April 13, 2021 
Add Press Release News | News Feeds Feeds | Email This News Email

Interplay Learning Raises $18 Million in Series B Funding Following 300% Growth on Year-Over-Year Sales
Thursday, February 25, 2021

Owl Ventures, and current investor S3 Ventures, co-lead round to accelerate growth into new sectors and develop additional product roadmap innovations.

AUSTIN, Texas, Feb. 17, 2021 /PRNewswire/ -- Interplay Learning, the global leader in training essential skilled trade workers to be job-ready, announced today, it completed an $18 Million Series B round of financing. Owl Ventures and S3 Ventures co-led the round, with additional investment from Strada Education Network and The Venture Reality Fund, as well as participation from existing investors SJF Ventures, Sierra Ventures, Holt Ventures, Wild Basin Investments and Shelter Capital Partners. Owl Ventures is the world's largest venture capital fund in education technology and its Managing Director, Ian Chiu, will join Interplay's Board of Directors.

Interplay's customer usage was up 445% in 2020, as the leading provider of online 3D simulation and virtual reality solutions for the HVAC, plumbing, electrical, solar, multi-family maintenance and facilities maintenance workforces. The firm has more than 2,000 customers and 110,000 users nationwide on its next-generation training platform. Additionally, Interplay exceeded 300% year-over-year growth and earned a Gold Best in Business Award in the On the Rise Category from Inc. Magazine in 2020.

"Interplay Learning is setting the standard for fully interactive, lifelike, hands-on simulation learning that can be experienced through VR, mobile and desktop applications," said Ian Chiu, Managing Director of Owl Ventures. "Thousands of companies are leveraging Interplay to build their own scalable, job-ready workforce faster than ever before. Interplay's on-demand skilled trades training courses are designed to help the existing 24 million skilled workers, as well as those just entering the workforce, to be field-ready in weeks, not years. We're excited to be partnering with Interplay as they continue to scale and expand on their market leadership."

"This new capital enables us to broaden our offering into new markets and accelerate our vision for 'comersive' learning, combining immersive learning with human connection," said Doug Donovan, Founder and CEO of Interplay Learning. "There is a critical shortage of essential skilled workers in the U.S. that is being exacerbated by the accelerating rate of retirement. This growing skilled trades gap is what drives us every day. We're excited about our growth in 2021; we plan to double our employee headcount and fulfill our mission of better careers, better lives."

About Interplay Learning
Founded in 2016, Austin, Texas-based Interplay Learning is the leading global provider of online and VR training for the essential skilled trades. The firm develops and delivers scalable, highly effective digital learning simulations for the HVAC, Plumbing, Electrical, Solar, Multi-family Maintenance and Facilities Maintenance workforce. Using comersive learning technology, Interplay Learning allows its customers to practice hands-on learning and train to be job-ready in weeks, not years. The company won the AI Breakthrough Award for Best Use of Virtual Reality for Enterprise Applications, and is an AHR Expo - Innovations Awards 2020 Winner. Interplay Learning is building better training, better careers and better lives for its customers and their employees. Welcome to the next generation of the skilled labor workforce. Visit to learn more.

View original content to download multimedia:

SOURCE Interplay Learning

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav SID Business Conference Set to Launch on May 17 | Apr 13, 2021
Nav Real Luck Group Ltd. Announces OTCQB Approval with ticker LUKEF | Apr 13, 2021
Nav Kaleidescape Announces Promotion with Sony Electronics Projectors | Apr 13, 2021
Nav Netlist and SK hynix Enter into Strategic Agreements for Patents, Technology and Product Supply | Apr 13, 2021
Nav Innoviz Expands Board of Directors with Global Technology and Automotive Industry Veterans | Apr 13, 2021
Nav Hyve Solutions Leverages Latest 3rd Gen Intel Xeon Scalable Processors for its Customers | Apr 13, 2021
Nav LiveXLive Increases Guidance for Fiscal Year 2022 Revenue to $100 Million to $110 Million with Adjusted Operating Income* of $1.5 Million to $3.0 Million as Its Operational Metrics Continue to Strengthen and Refines Guidance for Fiscal Year 2021 Revenue to $64.5 Million to $65.5 Million | Apr 13, 2021
Nav Bayshore Networks Announces OTfuse Lite® to secure noncritical assets in OT and Industrial Controls Networks | Apr 13, 2021
Nav CertTech, WTI, and Butterfield Engineering Unite as Genuen, Provider of End-to-End Test Solutions for Mission-Critical Applications | Apr 13, 2021
Nav The World's Most Powerful Modular Robot | Apr 13, 2021

Submit News | View More News View More News