• Degreed

  Led · Grant · Nov 2012

  Degreed is a workforce upskilling platform that connects learning, talent development, and internal mobility opportunities to intelligence on the skills a business needs next. The company will use new funding to accelerate product development and enhance its data infrastructure. Technology investments will focus on upgrading reporting, analytics, and integrations. Degreed also intends to accelerate global expansion and pursue strategic acquisitions. Financially, Degreed raised $153M in a Series D that valued the company at $1.4 billion. Founded in 2012 and headquartered in Pleasanton, California, the company has offices in Salt Lake City, New York, London, Amsterdam, and Brisbane; leadership recently shifted to new CEO Dan Levin while former CEO Chris McCarthy remains on the board as a strategic advisor. Degreed is an upskilling platform that helps employers connect employees to learning resources and matches workers to lessons across topics such as remote work and coronavirus. The company charges clients a monthly fee and is free for employees, and it has connected more than 4 million people at over 250 organizations including NASA and Cisco. Degreed acquired Adepto and is building out a career mobility product that lets users view relevant work opportunities, internal projects, and the skills they need to reach new roles. It also offers Degreed Skill Certification, a process that vets and ranks work via data scientists, expert panels, machine learning, and references. Degreed has seen a surge in engagement—nearly one in seven accounts were activated between April and May—and spikes in demand for skills like communication and design thinking. Certain skills have risen in demand—communication up 15.5% and design thinking up 12.8%—and other topics such as crisis management, resilience, mental health, and change management have also spiked. The company recently raised new capital and is directing investment toward its career mobility product. Degreed, founded in 2012 and led by CEO Chris McCarthy, connects corporate learning systems and millions of courses, videos, books, articles, podcasts and subject experts from thousands of sources. The company layers data science and machine learning to deliver tools, analytics and feedback that help people and businesses measure and grow skills. Degreed has offices in San Francisco, Salt Lake City, New York and Amsterdam. Over the last year it grew revenues by more than 100%, doubled its sales and client experience teams, merged and integrated competitor Pathgather, and added nearly 100 new clients to a client list of over 220 organizations. The product roadmap and funds are focused on accelerating international expansion, enhancing skills measurement and insights, and strengthening integration, data science and client enablement capabilities. The company sells to large enterprises including Imperial Brands, Ericsson, Boeing, Unilever, TELUS International and Cognizant. Degreed is a career-long learning platform that connects corporate learning systems and millions of courses, videos, books, articles, podcasts and subject experts. The company leverages data science and machine learning to provide analytics, tools and feedback for individuals and businesses. Founded in 2012 and based in San Francisco, Degreed also maintains offices in Salt Lake City and Amsterdam. Degreed raised $42M in a Series C, bringing total funding to $75M to-date. The company will use the funds to commercialize its newest product, Skill Certification, expand its global sales force, and further grow design, engineering and client service teams. Leadership includes Executive Chairman David Blake and new CEO Chris McCarthy (formerly COO). Degreed, founded in 2012, provides a learning and skills verification platform that enables individuals and organizations to discover, track and quantify all forms of learning from any source. The company recently introduced its first native mobile app, allowing users to discover, track, utilize and share learning while showcasing lifelong and professional development. Degreed acquired European-based learning company Gibbon to expand its offerings. In Q2 2016 the company added more than one million new licensed users at Fortune 1,000 and mid-market organizations, including Archer Daniels Midland, Caterpillar and EMC. Degreed has made several key executive appointments, including Chief Learning Officer Kelly Palmer (from LinkedIn) and Chief Sales Officer Tim Ellinger (from Pluralsight). The company intends to use the funds from its Series B to support growth and platform enhancements.

No current team members are available.