Guild Education, a Denver, CO-based B Corporation focused on creating opportunity for America’s workforce through education, closed its $157m Series D financing round.
The round was led by General Catalyst, with participation from Emerson Collective, Iconiq Capital and Lead Edge Capital, as well as existing investors Workday Ventures, Salesforce Ventures, Next Play Capital, Silicon Valley Bank, Felicis Ventures, Bessemer Ventures, Redpoint Ventures, and Harrison Metal. General Catalyst’s Chairman and Managing Director Ken Chenault joined Guild’s Board of Directors.
The company, which is now valued at $1 billion, intends to use the funds to continue to expand employer and university partnerships, exploring acquisition opportunities and grow its team.
Led by Rachel Carlson, CEO & Co-Founder, Guild Education partners with Fortune 1000 employers, such as Walmart, Lowe’s, The Walt Disney Company, Discover Financial, and Chipotle, to offer their workforces an employee education benefits platform, including access to a diverse network of non-profit, accredited universities, such as the University of Arizona, Purdue Global, Southern New Hampshire University, and the University of Central Florida.
To date, 400,000 working adults have used Guild to explore their paths back to school with their company’s support. Through their company’s sponsorship, these employees have access to a variety of education programs, including bachelor’s and master’s degrees, as well as certificates, trade diplomas, English-as-a-second-language classes, and high school completion programs.