Tuesday, 09 July 2019 07:59

Degreed Nabs $75 Million to Expand Corporate Learning Platform

Rate this item
(0 votes)

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, AllianceBernstein, an investment management and research services firm. The rest was raised as venture debt, also from AllianceBernstein.

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.

Read 65 times

Solutions

Degreed Nabs $75 Million to Expand Corporate Learning…

Helping Degreed continue its international growth and develop more analytical services for its…
Read more...

Knowbly Launches Mobile Interactive Video

Knowbly™ added a fully responsive, element accessible, mobile-driven, interactive video and video…
Read more...

Kallidus Adds AI Recommend Feature

Kallidus new AI feature for Kallidus Learn, available as a beta-release, suggests new learning…
Read more...

Global Corporate LMS Market To See Huge Growth to 2025

A new business intelligence report released by HTF MI title "Global Corporate Learning Management…
Read more...

DeepLens Gives Sight

A headband that can move objects without touch. A pair of glasses that can narrate the world…
Read more...

dominKnow Launches New E-learning Tools Suite

Instructional designers and developers are using other kinds of digital content to deliver…
Read more...

 


You are now being logged in using your Facebook credentials