Degreed, an education technology platform that provides training and upskilling services to professionals, has raised $153M in Series D funding. The round was co-led by Sapphire Ventures and Riverwood Capital with participation from Signal Peak Ventures and Owl Ventures, among others.

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How’s the company performing?

  • California-based Degreed offers an online education platform to individuals and professionals, assisting users in learning, developing, and measuring their skills.
  • The company recently announced that Chris McCarthy will be succeeded by Dan Levin, the former COO of Box, as the new CEO.
  • In the last 3.5 years, Degreed has reported a 76% year-over-year growth in revenue and an 800% increase in enterprise value.
  • Degreed presently has over 300 clients and extends its solutions to several Fortune 500 companies.

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The post Sapphire Ventures-Backed Degreed Raises $153M To Digitally Transform Education appeared first on CB Insights Research.

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