Degreed is a technology company.
Degreed is an AI-driven learning experience platform built to ensure your workforce is ready for anything, focusing on skill-building solutions for employees.
Degreed has raised $337.0M across 9 funding rounds.
Degreed has raised $337.0M in total across 9 funding rounds.
Degreed is a San Francisco-based edtech company founded in 2012 that provides a learning experience platform (LXP) aggregating online resources like courses, videos, and articles to track, measure, and certify lifelong learning and skills development.[1][2][5] It serves enterprises—including one in three Fortune 50 companies, four of five top global automakers, and over 100 Global 2000 firms—with three core products: Learning Experience, Career Mobility, and Skill Analytics, enabling businesses to match employee skills to opportunities like projects and gigs while solving the problem of recognizing non-traditional learning beyond degrees.[1][2][3] With 8 million users across 200+ countries, Degreed operates on a B2B subscription model (annual per-user fees) alongside a free individual version, demonstrating strong growth as a $1.4 billion unicorn backed by $153 million in Series D funding.[2][3][5]
Degreed was co-founded in 2012 by David Blake, who envisioned "jailbreaking the degree"—challenging the college degree as the sole measure of capability by recognizing all skills regardless of acquisition method.[2][3][4] Blake, driven by a passion for lifelong education systems, launched it alongside ventures like Learn In and BookClub, starting as a B2C platform for consumer lifelong learning aggregation.[1][3] Early days were scrappy: the team cold-called learning leaders for feedback, with future CEO Tim McCarthy (COO from 2013, CEO 2018) often sleeping at the office.[1] A pivotal 2015 pivot to B2B introduced scalable features like Pathways and Groups, birthing the LXP category; acquisitions of Gibbon (2016) for content curation and Pathgather (2018) for social and admin tools fueled evolution into a workforce upskilling platform.[1][2]
Degreed rides the skills-based economy trend, where talent shortages and rapid skill obsolescence demand moving beyond degrees to real-time capabilities, amplified by AI-driven workforce transformation.[3] Timing aligns with post-pandemic upskilling urgency—75% of learners seek personalized growth per Degreed's 2023 report—and HR tech consolidation, as seen in SAP Store Spotlight status.[3][6] Market forces like enterprise L&D budgets and internal mobility needs favor it, influencing the ecosystem by defining LXPs, enabling 130,000+ pathways, and pushing competitors toward skills data integration.[1][2]
Degreed aims to become the central platform managing all skills data across HR, L&D, and talent ecosystems, expanding via Content Marketplace and global partnerships.[3] Trends like AI-personalized learning and gig economy internal matching will propel it, with C-suite reinforcements signaling scaled operations amid strong growth awards.[6] Its influence may evolve from LXP pioneer to skills transaction hub, empowering broader workforce mobility and reinforcing the "jailbreak the degree" mission that sparked its unicorn rise.[2][3]
Degreed has raised $337.0M in total across 9 funding rounds.
Degreed's investors include 1776, Acadian Ventures, Accolade Partners, Album VC, Atypical Ventures, Blockchange Ventures, Cervin Ventures, Foundry Group, GSV Acceleration, High Alpha, Hyde Park Venture Partners, Jump Capital.
Degreed has raised $337.0M across 9 funding rounds. Most recently, it raised $150.0M Series D in April 2021.