Degreed bags $32 million in funding


Degreed, the social learning platform has announced that the company has secured $32 million in a fresh funding round. The hrtech news arena notifies that this round was led by Owl Ventures. The company resonated this new infusion of funds with the rise in demand for education and training solutions.

This fresh funding brings the total investment in Degreed to $182 million.

Chris McCarthy, the CEO of the firm stated that the company has witnessed a huge increase in the demand from clients of the career mobility product of the firm. Chris further added that employees do not really care about a system of record which they come across as rarely as once or twice a year. Employees are in the need of a simple yet personalized experience that will support them in developing their skills as well as in advancing their careers.

The company combines expertise on the subject matter and internal learning content with courses that are publicly available along with podcasts, videos, articles, and books. The platform of the firm makes use of machine learning and data for offering companies and individuals the tools and material that is needed by them to make the most out of themselves. This solution ultimately attempts to integrate all of the learning solutions of a company into one single interface or ecosystem that makes use of unified data for the purpose of producing better effective methods and ways of providing workers with the training in the skills that are needed.

Degreed will be seen utilizing these fresh funds for accelerating the career mobility roadmap of the company as well as to support the employers in plugging gaps by promoting career mobility by connecting consumers to gigs, job opportunities, and projects.

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Chandrima Samanta
Content-Editor at MartechCube
Chandrima is a Content management executive with a flair for creating high quality content irrespective of genre. She believes in crafting stories irrespective of genre and bringing them to a creative form. Prior to working for MartechCube she was a Business Analyst with Capgemini.


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