Degreed is a leading education technology (EdTech) company that provides a comprehensive learning experience platform (LXP) designed to upskill and reskill workforces. The platform integrates learning resources, tracks skill development, and connects employees to career opportunities such as projects, gigs, and internal mobility options. Headquartered in Pleasanton, California, Degreed also has offices in Salt Lake City, New York, London, Amsterdam, and Brisbane. It serves over 10 million users across 209 countries and collaborates with more than 400 clients globally.
Degreed was founded in 2012 by David Blake, Eric Sharp, and David Wiley with the mission to "jailbreak the degree," challenging traditional education systems by recognizing skills regardless of how they are acquired. The company launched its beta version in late 2012 and went public in January 2013 following a crowdfunding campaign. Over the years, Degreed has expanded its offerings from individual users to enterprise clients with the launch of "Degreed for Enterprise" in 2014. It has since experienced rapid growth through strategic acquisitions and partnerships.
Degreed has raised over $335 million in funding across multiple rounds:
Series D Funding (2021): Raised $153 million at a valuation of $1.4 billion, achieving unicorn status.
Key investors include Sapphire Ventures, Riverwood Capital, Owl Ventures, and GSV Acceleration.
The funding has been used to accelerate product development, enhance data infrastructure, expand globally, and pursue strategic acquisitions.
Degreed offers three core products:
Learning Experience: A centralized hub for accessing curated learning content from various sources like LMSs, videos, articles, and courses.
Career Mobility: Connects employees to internal opportunities based on their skills and career aspirations.
Key features include:
Mobile learning support with offline access.
Degreed also recently launched a Content Marketplace to provide tailored skilling programs for leadership development, onboarding, AI transformation, and more.
Degreed has expanded its capabilities through strategic acquisitions:
Adepto (2019): Improved talent mobility by matching skills to internal opportunities.
These acquisitions have helped Degreed evolve into a robust platform that supports learning, career mobility, and workforce analytics.
Recent innovations include:
Generative AI Enhancements: Improved search functionality using AI to refine results and suggest related skills.
Content Marketplace: Enables organizations to build custom programs for upskilling employees at scale.
Microsoft Teams Integration Updates: Enhanced collaboration through seamless access to learning resources within Teams.
These updates align with Degreed's mission to make lifelong learning intuitive and impactful for businesses.
Degreed emphasizes a culture of continuous learning, collaboration, innovation, and empowerment:
Employees are encouraged to grow professionally through lifelong learning initiatives.
The company fosters teamwork across its global workforce of over 570 employees in 13 countries.
Degreed is committed to diversity, equity, inclusion (DEI), and providing equal opportunities for all employees.
Its mission is rooted in helping individuals grow their skills while driving organizational innovation.
Degreed serves over 10 million users from more than 400 clients globally, including one-third of Fortune 50 companies. Its user base spans industries like technology, finance, healthcare, and manufacturing. Notable clients include Unilever, Cisco Systems, Mastercard, and Bank of America. Degreed actively engages its community through webinars, partnerships with content providers like TED and Pluralsight, and collaborative initiatives like internal academies.
Degreed
By Degreed, Inc.
