Degreed

Frazier VC
Feb 4
2 min read

Deal Snapshot

Company: Degreed, Inc.

Website: degreed.com

Sector / Category: Learning Experience Platform (LXP) / skills & upskilling software for enterprises

Headquarters: Pleasanton, California, USA

Founded: 2012

Investor: Frazier VC

Investment Vehicle: Fund III

Deal Type: Secondary

Company Overview

Degreed is an enterprise learning and upskilling platform designed to help organizations bring together learning content, track skill development, and support workforce reskilling at scale. The company positions its product as a learning experience platform that connects diverse learning sources and helps organizations measure and develop capabilities over time.

Public Funding / Capital Events

Mar 6, 2018 — $42M Series C announced co-led by Owl Ventures and Jump Capital, with participation from Founders Circle Capital, GSV Acceleration Fund, and Signal Peak Ventures.

Apr 13, 2021 — $153M Series D announced co-led by Sapphire Ventures and Riverwood Capital; the company also described additional participation from existing investors including Signal Peak Ventures, Owl Ventures, GSV Ventures, Founders Circle, and others.

Investment Summary

Frazier VC Fund III purchased secondary shares in Degreed in June 2021. Degreed’s position in enterprise learning and skills development aligns with workflow-embedded software that can scale efficiently as large organizations standardize how they develop talent, track skills, and deploy learning across teams.

Why We Invested

We invest in scalable software with durable growth potential and strong workflow embed. Degreed sits in the middle of enterprise talent development, where adoption can deepen over time as companies roll out standardized learning experiences and skills initiatives across departments. Platforms that consolidate learning sources and become part of ongoing workforce planning can develop meaningful stickiness and defensibility as usage expands.