What is Degreed?
Degreed operates at the intersection of EdTech and enterprise SaaS, offering a comprehensive platform that enables organizations to establish talent academies. The company's core value proposition lies in its ability to modernize access to learning budgets, provide world-class program marketplaces, and facilitate custom skill-building initiatives. By integrating tuition benefits, prepaid learning stipends, and dedicated coaching, Degreed simplifies the delivery of professional development, ensuring that employee skill sets remain aligned with evolving corporate requirements. Its market position is defined by its focus on the 'always-skilled' workforce, serving as a vital bridge between individual career growth and organizational strategic objectives.
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 GSV Acceleration, vSpring Capital, Peak Ventures, BYU Cougar Capital, and Chris Eyre
Debt (2015): $3M, investors not publicly disclosed
Series B (2016): $3.5M with participation from Rethink Capital Partners, Jump Capital, GSV Acceleration, and vSpring Capital
Series C (2018): $42M led by Founders Circle Capital, Jump Capital, and Owl Ventures
Private Equity (2019): $75M supported by GSV Ventures, vSpring Capital, Alliance Bernstein, Owl Ventures, 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
A global leader in education technology investing, focusing on innovative solutions that enhance learning experiences and workforce upskilling.
Jump Capital
A venture capital firm specializing in early-stage fintech and application software, providing rigorous financial expertise and operational support.
Riverwood Capital
A private equity firm that invests in high-growth, middle-market companies within the global technology and software-enabled industries.
What's next for Degreed?
Looking ahead, Degreed is well-positioned to leverage its recent capital infusion to deepen its penetration into the enterprise market. The company's strategic roadmap likely involves expanding its global footprint and enhancing its AI-driven skill-mapping capabilities to provide more granular insights into workforce readiness. As organizations continue to prioritize internal mobility and talent retention, Degreed's platform is poised to become an indispensable tool for HR and L&D leaders. The continued support from specialized EdTech investors suggests a long-term commitment to scaling the platform's infrastructure, potentially through further product diversification or strategic acquisitions aimed at consolidating the fragmented corporate learning landscape.
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