What is Climb Credit?
Climb Credit specializes in offering private loans to individuals pursuing career training programs. The company partners with educational institutions focused on vocational and technical skills development, providing a streamlined, human-supported application process that allows applicants to receive instant decisions. By offering affordable payment options, Climb Credit aims to empower individuals to acquire essential skills for career advancement, thereby addressing a critical need in the workforce development landscape. Their model is designed to make career education more accessible and financially manageable.
How much funding has Climb Credit raised?
Climb Credit has raised a total of $62.1M across 4 funding rounds:
Private Equity
$2M
Private Equity
$50M
Series A
$9.8M
Debt
$350K
Private Equity (2015): $2M, investors not publicly disclosed
Private Equity (2019): $50M led by Goldman Sachs Urban Investment Group
Series A (2019): $9.8M supported by Third Prime and New Markets Venture Partners
Debt (2020): $350K featuring PPP
Key Investors in Climb Credit
Third Prime
Third Prime is an early-stage venture capital firm that invests in innovative companies across sectors like aviation, motorcycle financing, and workforce payments, focusing on accelerating paradigm shifts for their portfolio companies.
New Markets Venture Partners
New Markets Venture Partners is an edtech venture capital firm investing in education and workforce technology startups to enhance economic mobility and transform learning outcomes.
Goldman Sachs Urban Investment Group
Goldman Sachs is a global investment banking firm providing a wide range of financial services, including strategic advisory and financing, with a focus on urban investment initiatives.
What's next for Climb Credit?
With the recent influx of capital, Climb Credit is poised for accelerated growth and strategic development. The company's focus on career training finance positions it to capitalize on the increasing demand for skilled labor across various industries. Future initiatives are likely to involve expanding partnerships with more educational providers, enhancing their digital lending platform, and potentially exploring new loan products to cater to a broader range of vocational training needs. This strategic investment signals confidence in Climb Credit's business model and its capacity to scale its impact in making career education attainable.
See full Climb Credit company page
