Interplay Learning Secures $5.5M in Series A Financing

Interplay Learning, an Austin, Texas-based provider of online training for skilled trades utilizing virtual reality (VR) and 3D simulations, secured $5.5M in Series A financing.

The round was led by S3 Ventures, with participation from Shasta Ventures, Sierra Ventures, Holt Ventures, Wild Basin Investments, and Shelter Capital Partners. In conjunction with the funding, Charlie Plauche, Partner with S3 Ventures, will join Interplay Learning’s Board of Directors.

The company intends to use the funds to onboard talent in its Austin offices and customer success team, while accelerating expansion into new markets and developing new platform features.

Interplay Learning develops and delivers scalable and effective training for the mechanical, electrical and industrial workforce using VR and 3D simulation.

The company has developed expertise over the last 8 years in simulation training in the HVAC, Electrical, Energy Auditing, Solar Install, Manufacturing, and Construction Codes industries.

The subscription-based solution offers monthly and annually pricing.

Source. FinSMEs, Staff, May 22, 2019

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Synapse Closes US$2.5M Seed Funding Round

Synapse, a Toronto, Canada-based provider of technology for the Learning and Development market, closed a US$2.5m seed financing.

The round was led by Generation Ventures with participation from Ripple Ventures, Differential Ventures, CEAS Investments, Cathexis Ventures, Ideal Ventures and Venture Capitalist Neal Dempsey. As part of the financing, Laura Lenz of Generation Ventures will join the board.

The company intends to use the funds to accelerate in sales, marketing and product expansion and to hire key personnel.

Led by CEO Ryan Austin, Synapse provides a platform that automates the instructional design process, allowing organizations to transform institutional knowledge into on-demand training. It enables planning and collaboration between subject matter experts (SMEs), instructional designers and training departments so that learning programs can be developed and deployed quickly. Learning teams are able to align learning objectives with assessment and activities to enable rapid instructional design.

Founded in 2016, Synapse has clients across numerous sectors including financial services, oil and gas, retail, healthcare, technology and manufacturing.

Sources FinSMES, Staff, April 10, 2019

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