What is Degreed?
Degreed operates at the intersection of human resources, talent management, and learning and development, providing a comprehensive platform for companies to establish talent academies. Its solution empowers HR, Talent, and L&D leaders to streamline access to learning budgets and curated programs, facilitating the delivery of custom learning experiences to employee groups. Key features include a tuition benefits manager, a prepaid learning stipend card, a marketplace for world-class programs, and a custom program builder, all designed to foster an always-skilled workforce aligned with evolving business needs.
How much funding has Degreed raised?
Degreed has raised a total of $325M across 10 funding rounds:
Angel/Seed
$1.8M
Private Equity
$6.9M
Series A
$7M
Debt
$3M
Series B
$3.5M
Series C
$42M
Private Equity
$75M
Other Financing Round
$32M
Series D
$153M
Angel/Seed (2014): $1.8M led by Undisclosed
Private Equity (2014): $6.9M, investors not publicly disclosed
Series A (2015): $7M featuring BYU Cougar Capital, Peak Ventures, Chris Eyre, GSV Acceleration, and vSpring Capital
Debt (2015): $3M, investors not publicly disclosed
Series B (2016): $3.5M with participation from Jump Capital, GSV Acceleration, vSpring Capital, and Rethink Capital Partners
Series C (2018): $42M led by Jump Capital, Owl Ventures, and Founders Circle Capital
Private Equity (2019): $75M supported by Owl Ventures, GSV Ventures, Alliance Bernstein, vSpring Capital, and Jump Capital
Other Financing Round (2020): $32M featuring Owl Ventures, LP
Series D (2021): $153M backed by Riverwood and SAPPHIRE VENTURES LLC
Key Investors in Degreed
Owl Ventures
Owl Ventures is a global leader in education technology investing, focusing on innovative solutions that enhance learning experiences and support workforce upskilling. They play a crucial role in scaling edtech companies globally.
Jump Capital
Jump Capital is a venture capital firm specializing in early-stage founders in fintech, application software, and infrastructure software, known for its rigorous financial expertise and operational support.
GSV Acceleration
GSVlabs Inc. provides acceleration programs and events for startups, focusing on verticals such as EdTech, sustainability, and Big Data, and is headquartered in San Mateo, CA.
What's next for Degreed?
The substantial enterprise-level funding and recent strategic investment signal Degreed's robust growth trajectory and its capacity to further innovate within the competitive EdTech landscape. This capital infusion is expected to fuel product development, expand market reach, and enhance its platform's capabilities in addressing the critical need for continuous upskilling and reskilling in the modern enterprise. Degreed is well-positioned to capitalize on the increasing demand for integrated talent development solutions.
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