Skilljar Announces $16.4 Million Series A Financing Round

On March 14, 2018, Skilljar, an innovative training platform that enables businesses to provide scalable and effective customer education, announced that it has raised $16.4 million in a Series A round of financing from new investors Mayfield and Shasta Ventures, with participation from existing investor Trilogy Equity Partners. Wilson Sonsini Goodrich & Rosati advised Skilljar in the transaction.

Founded by Amazon veterans Sandi Lin and Jason Stewart, Skilljar tripled its customers in 2016 and 2017, primarily through word-of-mouth marketing. As a result, Skilljar is in a strong position to lead the customer training market, which is estimated to be worth $12 billion. Prior to the company's name change and transformation to its present business model, Skilljar graduated from TechStars Seattle as Everpath. Since its inception in 2013, the start-up has partnered with businesses across multiple industries and geographies—from U-Haul and Latin American marketplace leader Mercado Libre to technology innovators MapR and Zendesk.

The WSGR team that advised Skilljar in the transaction included partner David Wickwire, associates Adam Shevell and Kari Manlove, and senior paralegal Barbara Mery.

Read Skilljar's press release for more information.