BUSINESS PROFILE
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Tell us a bit more about your business .
Degreed is the workforce upskilling platform for one in three Fortune 50 companies . It was founded in 2012 and was the first of its kind in the Learning Experience Platform ( LXP ) sector . Since then , it has remained at the forefront of upskilling and reskilling , empowering people to develop their skills and ensure they remain in front of workforce and technology changes .
It connects all learning , talent development and internal mobility opportunities to intelligence on the skills that a business needs next . And this is done through one , simple and intuitive skill-building experience . Learning opportunities are tailored to people ’ s interests and aspirations , while work opportunities ( in the form of permanent roles , secondments , stretch assignments , project-based work , volunteering and more ) are offered based on skills , learning and career goals . Every Degreed user has a skills profile that tracks all of their current skills , experience and formal and informal learning , to give an up-to-date view of what they can do .
Degreed is headquartered in Pleasanton , California , with additional offices in Salt Lake City , New York , London , Amsterdam and Brisbane .
How has the business grown since it first started and how did you ensure growth ?
Dan Hayward , CCO at Degreed
Degreed was created in 2012 on a simple premise : Education is too important to stay the way it is .
Co-Founders , David Blake and Eric Sharp , set out to ‘ jailbreak the degree ’ with the conviction that the traditional degree is an exclusionary tollgate to success , which refuses to acknowledge there are other ways to learn . Skills , irrespective of how or where people develop them , should be what determines an individual ’ s opportunities .
Degreed was founded with a simple premise – education is too important to stay the way it is . Co-Founders , David Blake and Eric Sharp , wanted to make sure that skills should develop people ’ s opportunities , rather than their degree or connections . Degreed is now the workforce upskilling platform for one in three Fortune 50 companies . Dan Hayward , CCO at Degreed , tells Intelligent CXO more about the company and how it has grown since it began in 2012 .
Initially , Degreed was offered as a B2C product , but in 2015 its strategy shifted to become a B2B product aimed at organisations with thousands of employees . In 2016 , the product developed by Degreed started to be known as a learning experience platform ( LXP ).
Degreed grew quickly to become the LXP for one in three Fortune 50 companies . In 2019 , it acquired London and Brisbane-based , Adepto , a total talent platform that positioned Degreed to excel at career mobility . In 2020 , Degreed surpassed 500 employees globally and launched its Career Mobility product .
Degreed has just raised US $ 153 million in Series D funding and is now valued at US $ 1.4 billion . It has expanded to three core products : Learning
Upskilling workforces around the globe
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