Upskilling platform, Degreed, has announced USD 32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and a user-focused learning experience. Owl Ventures led this latest round, bringing DeGrid’s total funding to US $ 182 million.

According to a human resources executive, 75% to 80% of workers do not meet the talent profile of their HR systems, leaving organizations without the critical data set needed to inform agile business decisions.

Degreed helps companies to overcome this gap by enabling employees to develop their skills and build skill profiles. Using that data, the platform can boost career mobility by connecting users to projects, gig and job opportunities. This round of funding will add momentum to Degreed’s career.

“We’ve seen a tremendous surge in customer demand for our Career Mobility product. It is more important than ever for companies to understand their employees’ skills, enrich their upskilling programs, and enable internal mobility,” said Degreed CEO Chris McCarthy said.

“Employees don’t care about a system of records that they see 1-2 times per year. They require a simple, personal experience that helps them build their skills and advance their careers. ”

“Change is the new normal. For us to keep up with the changes, learning agility is important to the organization – especially because upskilling is projected to save organizations USD 1.2 billion over the next 3 years.

Unibanco is a Degreed customer and the largest financial institution in Latin America and the 16th largest bank in the world. “Only skills data can reveal us for business areas where we need to evolve, and drive change from outside in Ita.”

Funding has come after the demand for a degreed in the last 6 months. This year, between April and May alone, more than one to seven Degrad users activated their accounts. New clients – including Ford, Fidelity Investments and Standard Bank of South Africa – quickly shifted their workforce strategies to empower remote mobility and talent mobility.

“The workforce has shifted fundamentally in the last months, and organizations are investing further in their people and skills,” said Ian Chiu, managing director of Owl Ventures.

“The need for lifelong learning is greater than ever and with this latest funding round, the degreed is well positioned to shape a future where a person’s skill is a measure of their success and not their job title. Where right No one is irrelevant due to lack of right skills at the time. ”

To see how Degreed is matching talent for workforce opportunities, visit their website: degreed.com

About Degreed

The degreed is a workforce upskilling platform for one of three Fortune 50 companies. We integrate and curate all resources used for learning – including management systems and millions of courses, videos, articles, books, and podcasts.

We then use behavioral and data science to analyze every person’s skills, and to automatically personalize career development based on their job, strengths, and goals. Founded in 2012, Degreed is headquartered in Pliston, California, with additional offices in Salt Lake City, New York, London, Amsterdam and Brisbane.

~ Newswire

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