Holland & Hart represented Degreed, the workforce upskilling platform for one in three Fortune 50 companies, in its $153 million Series D funding. The investment, which was co-led by Sapphire Ventures and Riverwood Capital, values the company at $1.4 billion.
The investment will be used to accelerate product development, enhance data infrastructure, fuel global expansion, and pursue strategic acquisitions. Technology enhancements will focus on upgrading Degreed’s reporting and analytics, ensuring best in class security, and enhancing integrations that take Degreed deeper into users’ daily workflow.
Holland & Hart’s venture capital and private equity team advised Degreed on the transaction and was led by Salt Lake City corporate partner Marc Porter and Boise corporate partner Alison Johnson. The team also included assistance from Elizabeth Roberts, John Ludlum, David Glynn, Peter Perla, Tracy Gray, Kristiana Lubomirova, and Sara Shelly.
For more information, please see Degreed’s blog post and Degreed’s press release.
Holland & Hart’s Corporate attorneys have extensive experience advising clients at all stages of development, from start-up to public companies, in a diverse range of industries, including technology, finance, healthcare, energy and resources, gaming, outdoor recreation, animal health, construction and building materials, aerospace, and food, beverage, and consumer products industries.