Degreed Nabs $75 Million to Expand Corporate Learning Platform

Degreed Nabs $75 Million to Expand Corporate Learning Platform

Helping Degreed continue its international growth and develop more analytical services for its corporate clients is a new injection of $75 million in a Series C2 round. Of this amount, $35 million came in the form of equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate, along with new investor, Alliance Bernstein, an investment management and research services firm. The rest was raised as venture debt, also from Alliance Bernstein.

This latest cash infusion comes on the heels of Degreed’s first Series C round in March 2018, which totaled $42 million. To date, the San Francisco-based company has raised about $140 million.

Founded in 2012, Degreed offers over 1,500 certificates and credentials, aimed primarily at companies looking to develop and upskill their employees. When teams sign on, they can identify the skills that they’d like to develop, ranging from customer service to data analysis, strategic planning to user experience design. The platform then surfaces courses, videos, articles and other resources to teach users.

To date, Degreed claims it has served more than 220 corporate clients, including Airbnb, Boeing, Mastercard and Unilever. The company also offers to certify individuals in certain skills for a fee of $129.

Leave a reply