Scottsdale-based StormWind raises $5 million in series C from GSV Capital
StormWind, the leading online training and e-learning company, announced a $5 million Series C round of funding by GSV Capital Corp. In addition to StormWind, GSV’s portfolio includes some of the fastest-growing technology companies in the world, including Twitter, Dropbox, Coursera and Spotify. StormWind plans to use this raise to drive continued revenue growth and hire an additional 200 employees over the next two years to bolster the company’s sales, instructor, and creative teams.
“We get to see and invest in some very impressive companies in technology and training. We have been completely blown away by what StormWind has been able to achieve in such a short amount of time,” says Michael Moe, chairman and CEO of GSV. “The company has completely reinvented the training and e-learning landscape with its innovative approach, Hollywood-like creative production, and world-class execution. It’s not often that we see a company literally change the way business is done in an industry—and StormWind has done just that.”
CEO Tom Graunke shares his view on the Arizona tech scene and his focus for StormWind with AZTB, “Arizona has a very powerful and cohesive technology sector. StormWind is the third company in the Valley that I’ve founded, and I don’t think that people talk enough about the impressive tech talent pool that resides in Phoenix. It has been our amazing and passionate team that has gotten StormWind to this point, and they will undoubtedly take us to the next level with their talent and focus. We are thrilled to receive this round of funding that will help to expand our team by 200 additional employees over the next two years.
“At StormWind, we have essentially modernized online learning with Hollywood technology and extraordinary instructors – people are approaching online learning differently as a result of StormWind’s innovation. As part of the AZ tech community, I am excited to see what the future holds for the state. People are taking notice of the local tech industry, and I know that the community will not disappoint.”
Last year, StormWind received a $4 million round of funding from GSV Capital Corp and Insight founder Tim Crown.