Degreed raises $75 Mn in investment capital
Degreed, global platform for discovery, learning & certification of skills, raises $75 Million in Investment Capital. This was Degreed’s largest round of funding yet: $75 million in equity and debt. The $35 million in equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures, and GSV Accelerate, along with new investor AllianceBernstein. Degreed also closed a $40 million venture debt facility with AllianceBernstein.
Including this latest round of funding, Degreed has raised a total of $140 million to date.
With this influx of capital, Degreed will accelerate their international expansion (including building out client service teams on the ground in Europe and Asia), enhance our family of skills measurement and insight features, and significantly strengthen our integration, data science, and client enablement capabilities.
Commenting on the development, Chris McCarthy, CEO, Degreed said, “Our goal is to make sure no one becomes obsolete in their career over time. And this round of funding allows us to hone in on key improvements to provide our clients and users with the ability to support and measure their skill development.”
“Degreed has executed exceptionally well,” said Tory Patterson, Co-Founder and Managing Director of Owl Ventures. “They’ve partnered with the best companies in the world to deliver a platform that is both consumer grade and enterprise-class. Their relationship with the end user is unique in the market and it positions them to own the way learning and skills are measured across the enterprise.”