Degreed, the edtech company that has created a universal way to empower and recognize all forms of professional and lifelong learning, recently announced a $21 million Series B investment to fuel further expansion.
Degreed’s learner-first approach led to rapid corporate success following the launch of their learner-friendly, enterprise learning solution in fall 2014.
Degreed’s learning 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.
Last year alone, Degreed went from 3 to nearly 100 clients, chalking up more than a few awards for the platform, including being named as an LPI finalist for Learning Provider of the Year.
“There are many pathways to expertise,” says David Blake, Co-Founder & CEO of Degreed.
“We believe that 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.”
The most recent investment will be used to support growth and innovation, with more engineers, sales, marketing, and client success employees joining from edtech, consulting, and LMS companies.
This will enable Degreed to add more content and tech partners and serve customers at scale. In 2015 Degreed invested in a more aggressive sales strategy, robust product innovations, and an expansion of marketing activities that helped the company accelerate to 100 clients, 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.”
Degreed is a proud sponsor of the Learning Technologies Conference and will be presenting on Leveraging the New Learning Ecosystem on Thursday, February 4th at 15:30 in Theatre 6.