Degreed Raises $21M Series B To Make All Professional And Lifelong Learning Matter
New investment fuels Degreed's continued growth of lifelong learning and skills measurement for companies and professionals.
Jan 05, 2016, 07:00 ET
SAN FRANCISCO, Jan. 5, 2016 /PRNewswire/ -- Today Degreed, the edtech company that has created a universal way to empower and recognize all forms of professional and lifelong learning, announced a $21 million Series B investment to fuel further expansion. Jump Capital led the round, along with Signal Peak, Rethink Education, Deborah Quazzo and other existing investors.
Degreed is free for individuals to use and its learner-first approach led to rapid corporate success following the launch of their consumer-friendly, enterprise learning solution in fall 2014. Degreed's award-winning platform enables people to discover, curate, share, track and value all kinds of learning–from internal portals, external training vendors and over 1,200 providers of free and low-cost informal learning resources–all in a single, unified system.
"We believe there are many pathways to expertise," says David Blake, Co-Founder & CEO of Degreed. "The future doesn't care how you became an expert. We have built the only universal way for everyone to measure all learning and pursue skills and knowledge from all avenues. It's changing the way companies think about learning and development."
This investment comes on the heels of a Series A funding, announced in April 2015. The capital enabled a more aggressive sales strategy, robust product innovations, and an expansion of marketing activities. The company accelerated from three to nearly 100 clients this last year, including Fortune 10, 20 and 50 clients from the financial services and technology industries.
"There are many companies innovating in the edtech space, but Degreed stands unique in its approach to the future of skills and recognition of learning," said Michael McMahon, Managing Partner of Jump Capital. "We're excited to partner with Degreed to accelerate their incredible growth, and to change the way learning is done and how it is recognized."
To learn more about Degreed, visit https://degreed.com/.
Individuals and organizations use Degreed to discover, track, and measure all learning. Degreed, which has offices in San Francisco, CA and Salt Lake City, UT, was founded in 2012 and first launched in January 2013. In summer 2013, Degreed participated in the Kaplan EdTech Accelerator powered by TechStars. Degreed's previous investments include a $7 million Series A funded by Signal Peak Ventures and Peak Ventures and a $1.8 million seed round from angels including Mark Cuban and Deborah Quazzo, among others.
About Jump Capital
Jump Capital is a venture capital firm specializing in Series A & B expansion stage investments in technology and software, with offices in Chicago, New York and San Francisco. Through its team of seasoned operators, Jump Capital provides advocacy and support complemented with institutional-level resources for entrepreneurs.
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