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Interplay Learning

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VR simulation-based online training platform designed to improve learning outcomes for the skilled trades

Austin, United StatesFounded 2016Edtech
Valuation $100–250M Last recorded · 2021
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Interplay Learning and the history behind them.

About Interplay Learning

Interplay Learning operates as a specialized software company delivering online training solutions for the skilled trades. Founded in 2016 by Doug Donovan and Stephen Quirk, the Austin-based firm aims to address the significant skills gap in sectors such as HVAC, plumbing, electrical, solar, and facilities maintenance. CEO Doug Donovan, who holds an MBA from UC Berkeley's Haas School of Business, brought prior entrepreneurial experience from founding two other software companies and a ski area, identifying a need to apply modern educational technology to hands-on professions.

The company's core offering is a subscription-based platform, SkillMill, which provides immersive and interactive training through 3D and virtual reality (VR) simulations. This approach allows technicians to engage in realistic, hands-on practice in a safe and controlled environment, accessible anytime on various devices, including desktops, tablets, and VR headsets. The platform is designed to accelerate skill acquisition, enabling workers to become job-ready in weeks rather than years. The content, which Interplay develops in-house using a proprietary authoring engine, covers a range of activities from installation and diagnostics to preventive maintenance. Revenue is generated through tiered subscription plans for individuals, teams, and large enterprises, with custom pricing based on team size and needs.

Interplay Learning serves a diverse client base that includes individuals, educational institutions, unions, and businesses ranging from small operations to large enterprises with thousands of technicians. Corporate clients like Carrier, Rheem, and Goodman leverage the platform to onboard new hires, upskill their existing workforce, and reduce service callbacks. The firm has seen substantial growth, reporting a 300% year-over-year sales increase in 2020 and a 445% rise in customer usage. To fuel its expansion, Interplay has secured significant funding, including a $18 million Series B round in 2021 and a $20 million Series C round in 2024, bringing its total funding to over $47 million. In September 2024, the company also acquired Industrial Training International (ITI) to broaden its specialized industrial learning solutions.

Source: Dealroom company data

At a glance

Founded
2016
Headquarters
Austin, United States
Sector
Edtech
Power Law
Colt$25–100M revenue

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Tech Coast Angels
  • Central Texas Angel Network

Series A10 investors entered at this stage

  • S3 Ventures
  • Sierra Ventures
  • Shasta Ventures
  • Wild Basin Investments
  • Shelter Capital Partners
  • Holt Ventures
  • Owl Ventures
  • SJF Ventures
  • Strada Education Foundation
  • The Venture Reality Fund (The VR Fund)

Series B and later1 investor entered at this stage

Team profiled 22 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States97.9%
🇵🇭 Philippines0.5%
🇬🇧 United Kingdom0.5%
🇿🇦 South Africa0.5%
🇮🇳 India0.5%
5 countries shown
Web traffic by country
120K monthly visits
across markets
🇺🇸 United States76.4%
🇨🇦 Canada6.2%
🇮🇳 India4.6%
🇦🇺 Australia2.6%
🇳🇬 Nigeria1.9%
Top 5 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Interplay Learning on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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