Degreed, a Pleasanton, Calif.-based upskilling platform, raised $153m in Series D funding.
The round, which valued the company at $1.4 billion, was co-led by Sapphire Ventures and Riverwood Capital.
The company intends to use the funds to accelerate product development, enhance data infrastructure, accelerate global expansion, and pursue strategic acquisitions.
Technology enhancements will focus on upgrading Degreed’s reporting and analytics and integrations.
Led by new CEO Dan Levin, former COO of Box (NYSE:BOX), and who will succeed Chris McCarthy, and Kat Kennedy, President and Chief Experience Officer, Degreed is a workforce upskilling platform that connects learning, talent development, and internal mobility opportunities to intelligence on the skills a business needs next.
McCarthy will remain in a strategic advisory capacity and sit on Degreed’s Board of Directors.
Founded in 2012, the company is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane.