SOURCE: Degreed

Degreed

April 06, 2015 09:15 ET

Degreed Raises $7M Series A to Help Individuals and Companies Leverage the Entire Learning Ecosystem

Investment Led by Signal Peak Ventures Will Drive Further Adoption as Degreed Expands to the Enterprise Training Marketplace

SAN FRANCISCO, CA--(Marketwired - Apr 6, 2015) - Today at the ASU+GSV Summit, Degreed, the education company that helps you track, measure and validate everything you learn, announced a $7 million Series A investment. Signal Peak Ventures led the round with Peak Ventures, Deborah Quazzo of GSV Advisors and other internal investors participating. The funding will be used to drive product development and demand generation as the company continues to expand its offering of learning solutions for individuals and the enterprise marketplace.

"Ask someone about their education and they will tell you where they went to college or what degree they have. People skip everything they have learned since," says David Blake, Co-Founder & CEO of Degreed. "We learn within academia for two, four, six, nine years. We learn within our professions for thirty, forty, fifty years. Degreed enables individuals to capture ALL of that learning. With this investment, we continue to expand our enterprise platform to help companies enable their employees to leverage ALL learning -- formal and informal -- and have their skills recognized no matter how they obtained them."

The funding comes on the heels of the company's launch of its enterprise product in 2014, which already serves companies large (300,000+ employees) and small (50 employees). It has been just over two years since Degreed initially launched direct to consumers and has grown to support hundreds of thousands of users who use the platform to track their lifelong learning. The platform enables users to track all academic, professional and informal learning in a single place and includes deep libraries of curated learning content from thousands of different platforms and partners.

"Degreed's expansion into the enterprise is extremely important in removing the stigma of learning as a strict function of academia," said Brandon Tidwell, Managing Director of Signal Peak Ventures. "Degreed offers a powerful, measurable learning portal for any organization that wants to recognize and reward their employees for a life of continued learning. We're thrilled to partner with Degreed as we truly believe they are creating what will become the standard of learning and skill measurement worldwide."

Prior to this financing, Degreed raised a $1.8 million seed round from angels, including Mark Cuban, Deborah Quazzo, and Mike Levinthal. The company was also named 'Top 5 Cool Education Company' by Gartner in 2014.

"Two of the themes at the ASU+GSV Summit are 'Open Platforms' and 'Knowledge as Currency,'" said Deborah Quazzo, Founder and Managing Partner at GSV Advisors. "Degreed is leading along both frontiers by redefining how we measure and recognize learning and skills, no matter where or how they were obtained."

To learn more about Degreed, visit https://degreed.com/.

About Degreed
Individuals and organizations use Degreed to track, measure and recognize all learning. Degreed, which is located in San Francisco, CA and Salt Lake City, UT, was founded in 2012 and first launched in January 2013. In summer 2013 Degreed participated in the Kaplan EdTech Accelerator powered by TechStars. Degreed is funded by Signal Peak Ventures, Mark Cuban, and Deborah Quazzo, among others.

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