Degreed, a San Francisco, CA-based workforce learning and skill-tracking platform, raised $75m in equity and debt funding.
The round included:
– $35m in equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate, along with new investor AllianceBernstein Growth Stage Capital, and
– closed a $40m venture debt facility with AllianceBernstein.
The company intends to use the funds to accelerate international expansion, enhance their skills measurement and insights functionality, and strengthen integration, data science, and client enablement capabilities.
Founded in 2012 and led by Chris McCarthy, CEO, Degreed connects all the resources people use to learn and grow, including corporate learning systems and millions of courses, videos, books, articles, podcasts, and subject experts from thousands of sources.
Then, the company adds data science and machine learning to provide people and businesses with the tools, analytics and feedback they need next.
Degreed has additional offices in Salt Lake City, New York and Amsterdam.
Over the last year, Degreed has grown its revenues by more than 100 %, doubled the size of the company’s sales and client experience teams, merged and integrated its largest competitor, Pathgather, and added nearly 100 new clients to its over 220-organization client list that includes innovators like Imperial Brands, Ericsson, Boeing, Unilever, TELUS International, and Cognizant.