Headquarters: Pleasanton, California
Degreed is a workforce upskilling platform that connects learning to opportunities where individuals and organizations can discover content, build skills, and certify expertise. Degreed connects all the resources people use to learn and grow, including corporate learning systems and millions of courses, videos, books, articles, podcasts, and subject experts from thousands of sources. Learners and businesses can use that learning record to assess their current skills, identify areas of improvement, and plan for the future. And Degreed does it all in one simple, fluid, skill-building experience that’s powered by people’s expertise and interests—enabling companies to transform their workforces from within.
Degreed helps people advance their careers by learning new skills based on their interests—providing career-focused courses and mentorship from thought leaders.
With a bold goal to make skills not credentials the currency of work, Degreed was founded on the core tenet that everyone has a unique learning opportunity that goes beyond a qualification or static piece of paper.
Degreed integrates everything people use to learn and build their careers — skill insights, Learning Management Systems (LMSs), courses, videos, articles and projects — and matches everyone to growth opportunities that fit their unique skills, roles, and goals.
Skill Analytics: Degreed drives skill development and internal mobility by suggesting curated and individualized training journeys, as well as skills paths based on predictive and prescriptive analytics. Degreed also offers industry-leading skill measurement tools for companies to get the most holistic, real-time view of their talent.
Degreed quantifies skills through a process called Degreed Skill Certification, where work is vetted, verified and analyzed by data scientists, a panel of experts and machine learning to provide a “ranking.” Users also have to provide references of two people who have first-hand knowledge of the skill and can vouch for accuracy. Degreed also has a web browser extension that allows users to record content they’ve consumed in real time.
Learning Experience: Curating content from multiple sources, the Degreed platform adopts an agnostic approach to suggesting learning content. This freedom and flexibility is then combined with a powerful analytics layer, which gives management the oversight to identify what employees are engaging with, making it easy to allocate budget to popular content providers with just a few clicks.
Degreed allows you to leverage the entire learning ecosystem from one unified access point. Degreed provides access to the world’s largest ecosystem of professional learning resources, with 250,000 online courses from top content providers, and 3 million informal learning activities from more than 1,400 sources. The Degreed content library can be combined with an organization’s proprietary content and courses to create custom pathways.
By gathering vast amounts of data about the content being consumed and capturing information about the outcomes for employees who have completed their training, Degreed is able to identify what works and what doesn’t for every single employee.
Through Degreed’s partnership with LearnUpon, Degreed is both an LXP (Learning Experience Platform) and a LMS (Learning Management System).
Career Mobility: Following its acquisition of Adepto, Degreed has built out a career mobility product in which users can look at work opportunities based on current skills and see what they need to work on to get a new role. The skill profile will also let individuals see relevant work and learning opportunities such as jobs, one-off projects or tasks.
Degreed’s Extended Enterprise feature allows an organization to reach out beyond its employees by extending training and use of skills outside the organization to contractors, partners, suppliers, and customers.
Degreed separates itself from other upskilling platforms by allowing employees to keep their data, rankings, and certificates for life and export them to another company through a standardized process.
According to Degreed Advisor Kat Kennedy in April 2021, Degreed has seen 326% growth in active users since June of 2019, and one in seven Degreed users activated their profile between April and May of 2020.
In 2020, Degreed more than doubled its active user base and increased its team by 50%, to 600 employees, across six continents, while making major investments in product extensions to support the upskilling initiatives of its enterprise customers.
Degreed makes money by licensing its upskilling platform to companies and charging on a per-employee basis through a monthly fee (SaaS model). In April 2021, former CEO Chris McCarthy said Degreed generates annual revenue “right around $100 million.”
Degreed has received numerous accolades for its innovative platform, including the Gold Award from the Brandon Hall Group for Best Advance in Learning Management Technology, and the Silver Award for Learning Provider of the Year at the LPI awards in London. Degreed was also recently named one of America's Best Startup Employers by Forbes.
In June 2022, Degreed acquired Learn In, which helps companies establish internal talent academies that bring together all the resources needed for building a highly skilled workforce. Learn In’s core features supplement those of the category-defining Degreed LXP (Learning Experience Platform), including a prepaid learning stipend card, a world-class skills marketplace and custom program builder, a tuition benefits manager, and dedicated coaching.
In February 2023, Degreed announced its acquisition of the capability-academy platform Learn In. With the acquisition, Degreed aims to help companies continuously meet their goals and evolve quickly to meet new demands. The acquisition brings Learn In’s capability academies — also known as mastery platforms — and tuition benefits to Degreed’s existing suite of solutions. Together, Degreed and Learn In will unify all forms of learning, including core training, everyday learning, deep and targeted skill building and financial access to educational opportunities. Additionally, the Learn In team has joined Degreed, including the majority of its executives.
In April 2023, Degreed announced it has partnered with Circus Street, the only specialist provider of online training in digital skills for global enterprises. Circus Street’s extensive library of courses in skills including digital literacy, data and insights, strategy and innovation, eCommerce, and martech, will be integrated into Degreed’s learning platform. The tie up will significantly expand the range of lessons available to customers.
In May 2023, Degreed announced Sandeep Beotra as its new Chief Financial Officer (CFO). With over 25 years of experience in the technology, media and telecom sector, Sandeep brings extensive knowledge in the intricacies of creating value and scaling operations from start-ups and scale-ups, to global enterprises. Prior to Degreed, Sandeep was the CFO of LG Ads (Alphonso), a role that encompassed additional experience in strategy, business development, investor relations, operations, and HR, in addition to the core finance function. Previously, he led strategy, M&A and corporate development efforts at ION Media Networks and at Richardson Electronics. Prior to that, Sandeep spent over a decade on Wall Street advising technology companies on capital raising and M&A.
In June 2023, Tribute, a leading provider of innovative career development solutions, announced its integration with Degreed's Learning Experience Platform (LXP). This partnership aims to revolutionize professional development by empowering employees to enhance their skills and knowledge in real time, ensuring continuous growth and career advancement through mentorship. Integrating Tribute's Career Connections app into Degreed Pathways combines two powerful technologies to create a unique and comprehensive learning experience. Tribute's Career Connections app leverages advanced artificial intelligence algorithms to match employees with personalized learning opportunities, mentorship, and professional development opportunities based on their skills, interests, and career aspirations. With the integration, users can now access experiential learning mentorship opportunities within Degreed Pathways, eliminating the need for separate platforms or systems.
In July 2023, Degreed announced it has partnered with Guider, the leading mentoring and peer-to-peer learning platform. Guider’s mentoring platform enables companies to rapidly launch and scale mentoring programs to achieve business goals, and is now integrated into Degreed’s learning experience platform. This exciting partnership offers mutual customers a new opportunity to upskill their people by tapping into the expertise of their own peers. Guider’s solution allows organizations to run over 50 different types of peer-to-peer learning programs including; reverse mentoring, mentoring for DE&I, internal coaching, sponsorship and buddying.