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Degreed, founded in 2012 and headquartered in Pleasanton, California, is a leading provider of learning experience platforms (LXP) in the corporate learning and talent management industry. The company's innovative platform facilitates workforce upskilling and reskilling, offering a marketplace for diverse learning content alongside analytics for skills data.
Since its inception, Degreed has achieved significant milestones, including serving over 400 clients across 209 countries and boasting more than 6.5 million active users. The company's impressive client roster includes one-third of Fortune 50 companies, such as Boeing, Bank of America, and Cisco. Degreed's growth has been remarkable, with a 326% increase in active users since June 2019 and a doubling of its user base in 2020 alone.
Financially, Degreed has demonstrated strong performance, with annual revenue reported to be "right around $100 million" as of April 2021, according to former CEO Chris McCarthy. The company has also attracted substantial investment, raising a total of $385.19 million across multiple funding rounds. Its most recent Series D round in May 2021 raised $183 million, valuing the company at $1.36 billion.
While there is currently no official news regarding Degreed's IPO prospects, the company's strong market position, impressive growth, and substantial funding could potentially make it an attractive candidate for going public in the future. However, it's important to note that any discussions about a potential IPO remain speculative at this time.
Factors that could influence Degreed's decision to go public might include market conditions in the edtech sector, the company's financial performance, and its strategic growth plans. The global digital learning market, estimated to reach $1 trillion by 2027, presents significant opportunities for companies like Degreed. However, the timing and decision to pursue an IPO would ultimately depend on various internal and external factors that are not publicly known at this time.
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While Degreed's IPO prospects remain uncertain, investors interested in the edtech sector don't have to wait on the sidelines. At Linqto, we offer members the opportunity to invest in promising private companies before they go public. Our platform provides access to a diverse range of pre-IPO investments, including potential leaders in the education technology space, with lower minimum investments than traditional private equity opportunities. This allows you to potentially benefit from Degreed's growth or explore other innovative companies in the sector, diversifying your portfolio with emerging industry leaders.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
