Headquarters: San Francisco, USA
Vertical: Higher Education, Lifelong Learning
Tech: Web App
Introduce your startup and give a short description of what you are doing.
Degreed turns learning into skills. Our unique platform allows individuals and organizations to find, track, and recognize ALL learning. We’re learning a million different things from a million different places, throughout the course of our lives. ALL of that learning should count for something, we’re giving learners a new form of academic credentialing. Our mission is to jailbreak the degree.
Who are the founders, how did you meet, what are your different roles in the startup.
David Blake, Founder and CEO was part of the founding team at Zinch (started in 2007 and was acquired by Chegg). Eric Sharp, Co-Founder and CTO.
How was the idea for your startup born?
Ever since David took his SAT’s in high school he’s been fascinated by the model of higher education. This curiosity turned into a passion and an obsession to create better systems for the future of education and examining what that future will look like. Degreed was created because we all feel frustrations with the current higher education process and the problems with the credentials that are offered by higher ed.
What is the main problem in education that you aim to solve.
We believe that the college degree- the current de-facto way we measure education today, fails us in providing a totally complete picture of what we know and can do. We are helping people unlock opportunities through validating their lifelong education from any source.
Who is your target audience.
Individual learners and companies who are looking for a better way to track, measure and recognize all knowledge and skills.
What is your business model. How much does your product / service cost.
Individual profiles are free for users. Enterprise clients use Degreed as the only enterprise learning portal built for learners first. This offers Administrators the flexibility to allow employees to learn at will and a simplified way to manage and track employee learning.
If you raised funding, how much did you raise. Who are your investors. If not, are you planning to raise funding.
$1.8M Seed, $7M Series A. Series A round led by Signal Peak Ventures and Peak Ventures.