Degreed raises USD 21m Series B investment

Educational technology company Degreed has raised a USD 21 million Series B investment to fuel further expansion, the company said.

Jump Capital led the round, along with Signal Peak, Rethink Education, Deborah Quazzo and other existing investors.

This investment comes on the heels of a Series A funding, announced in April 2015. The capital enabled a more aggressive sales strategy, robust product innovations, and an expansion of marketing activities. The company accelerated from three to nearly 100 clients this last year, including Fortune 10, 20 and 50 clients from the financial services and technology industries.

Individuals and organizations use Degreed to discover, track, and measure all learning. Degreed, which has offices in San Francisco, CA and Salt Lake City, UT, was founded in 2012 and first launched in January 2013.

Jump Capital is a venture capital firm specializing in Series A & B expansion stage investments in technology and software, with offices in Chicago, New York and San Francisco. Through its team of seasoned operators, Jump Capital provides advocacy and support complemented with institutional-level resources for entrepreneurs.