What is Degreed?
Degreed operates as a sophisticated talent intelligence and learning platform designed to help enterprises build an always-skilled workforce. By integrating learning budgets, world-class program marketplaces, and personalized coaching, the company enables HR and L&D leaders to modernize their approach to employee development. The platform serves as a critical bridge between organizational skill requirements and individual career growth, effectively simplifying the delivery of custom learning programs. Through its suite of tools, including prepaid learning stipends and tuition benefits management, Degreed has established itself as a pivotal player in the digital transformation of human capital management.
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 Chris Eyre, Peak Ventures, GSV Acceleration, BYU Cougar Capital, and vSpring Capital
Debt (2015): $3M, investors not publicly disclosed
Series B (2016): $3.5M with participation from Jump Capital, Rethink Capital Partners, vSpring Capital, and GSV Acceleration
Series C (2018): $42M led by Founders Circle Capital, Jump Capital, and Owl Ventures
Private Equity (2019): $75M supported by Alliance Bernstein, GSV Ventures, vSpring Capital, Jump Capital, and Owl Ventures
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
A global leader in education technology investing, Owl Ventures focuses on innovative solutions that enhance learning experiences and support workforce upskilling on a global scale.
Jump Capital
Jump Capital is a venture capital firm that invests in early-stage founders, providing rigorous financial expertise and operational support to companies in the application software and infrastructure sectors.
Riverwood Capital
Riverwood Capital is a private equity firm specializing in high-growth, middle-market technology companies, leveraging software and digital technologies to drive significant value creation.
What's next for Degreed?
With the support of its latest capital injection, Degreed is well-positioned to accelerate its product roadmap and deepen its market penetration. The company is expected to focus on enhancing its AI-driven skill-mapping capabilities and expanding its global reach to meet the rising demand for agile workforce development. As enterprises continue to prioritize internal mobility and continuous learning, Degreed's strategic focus will likely remain on scaling its ecosystem to support larger, more complex organizational structures, ensuring that its technology remains at the forefront of the evolving EdTech industry.
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