SAN FRANCISCO — Degreed, an education technology company, has completed its Series B funding with a $3.5M investment from GSV Acceleration, which focuses on the most dynamic companies leveraging technology to enable people and organizations to optimize their potential.
Combined with its previous investment from Jump Capital, Signal Peak Ventures and Rethink Education, Degreed closes out its Series B round with a total of $25 million. The GSV Acceleration team, led by Deborah Quazzo, is a leading investor in the education and talent development technology space. The additional support from GSV Acceleration will help fuel Degreed’s growth and enhancement of its comprehensive learning and skills verification platform.
“Degreed is transforming how people learn and how organizations train and develop their people; we are thrilled to work with the GSV Acceleration team, who share this goal and can provide the resources to drive our mission forward,” said David Blake, CEO and co-founder of Degreed. “Deborah was one of the first angel investors in Degreed and is an invaluable member of our board. We are pleased that she and her team continue to recognize the promise of our company and are eager to continue supporting us through GSV Acceleration.”
GSV Acceleration’s investment is validation of Degreed’s rapid growth. In the second quarter of 2016 alone, the company 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. The company also 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.