What is Degreed?
Degreed empowers organizations to build and maintain an always-skilled workforce by establishing robust talent academies. Its platform is designed for HR, Talent, and L&D leaders, modernizing access to learning budgets and curated programs. Key features include a tuition benefits manager, a prepaid learning stipend card, a marketplace for world-class programs, a custom program builder, and dedicated coaching. Degreed's approach simplifies the delivery of tailored learning experiences to employee groups, directly aligning skill development with critical 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 Chris Eyre, BYU Cougar Capital, Peak Ventures, GSV Acceleration, and vSpring Capital
Debt (2015): $3M, investors not publicly disclosed
Series B (2016): $3.5M with participation from Jump Capital, Rethink Capital Partners, GSV Acceleration, and vSpring Capital
Series C (2018): $42M led by Jump Capital, Owl Ventures, and Founders Circle Capital
Private Equity (2019): $75M supported by Alliance Bernstein, vSpring Capital, Owl Ventures, GSV 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
Riverwood
Riverwood Capital is a private equity firm established in 2007, focusing on high-growth, middle-market companies in global technology and technology-enabled industries. They specialize in sectors where software, information, and digital technologies drive value creation.
Jump Capital
Jump Capital is a venture capital firm that invests in early-stage founders in fintech, application software, and infrastructure software. They are known for their financial expertise and operational support for portfolio companies.
Owl Ventures, LP
Owl Ventures is a global leader in education technology investing, supporting innovative solutions that enhance learning experiences across K-12 and workforce upskilling. They play a crucial role in scaling edtech companies globally.
What's next for Degreed?
With substantial enterprise-level funding and a recent major strategic investment, Degreed is well-positioned for accelerated growth. The company's focus on modernizing corporate learning and development is highly relevant in today's rapidly evolving job market. Future initiatives will likely involve enhancing its platform capabilities, expanding its program marketplace, and deepening its strategic partnerships to further solidify its role as a leader in workforce upskilling and talent development solutions. The ongoing investment signals strong confidence in Degreed's business model and its capacity to address the critical need for continuous employee skill enhancement.
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