Edtech Company Degreed Closes $25M Series B Funding Round

Degreed_LogoDegreed, a Salt Lake City-based education technology company, completed its Series B funding with a $3.5M investment from Deborah Quazzo-led GSV Acceleration.

Combined with previous funding from Jump Capital, Signal Peak Ventures and Rethink Education, Degreed closes out its Series B round with a total of $25 million.

The company intends to use the funds for growth and enhancement of its platform.

Founded in 2012 by David Blake, CEO, Degreed provides a learning and skills verification platform that enables everyone to discover, track, and quantify all forms of learning from any source.
The company, which has additional offices in San Francisco and Amsterdam, The Netherlands, added more than one million new licensed users at a variety of Fortune 1,000 and mid-market organizations, including Archer Daniels Midland, Caterpillar and EMC, in the second quarter of 2016 alone.
It recently introduced its first native mobile app, enabling users to discover, track, utilize and share learning from any source, while showcasing their lifelong and professional learning, and acquired European-based learning company Gibbon.

In addition, Degreed made several key executive appointments, including new Chief Learning Officer Kelly Palmer, who joined from LinkedIn, and Chief Sales Officer Tim Ellinger, who joined from Pluralsight.



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