Upskilling platform Degreed raises $153 million in Series D Funding

Funding Rounds

Summary

In 2020 alone, Degreed more than doubled its active user base and increased its team by 50%, to 600 employees, across six continents, while making major investments in product extensions to support the upskilling initiatives of our enterprise customers. “Despite billions of dollars of investment in HCM, talent and learning systems, most workers still don’t see a clear path to career growth at work. Brandon Hall Group data shows half of talent leaders say their organization does not have the right technology to assess and track workers’ skills. Founded in 2012, Degreed is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis.

$ Funding

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Amount $153.0M Total raised
Date April 13, 2021 Announcement date
Investors Riverwood Capital, Sapphire Ventures, LLC Lead investors
Company http://www.degreed.com Funded company

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AskAI Classifications

Labels
Learning Management System Enterprise Software SaaS

Linked Companies

Degreed
$10M to $25M