Monday
May 6
2019

Credly Raises $11.1 Million to Issue and Manage Digital Badges

By Kyle Wiggers

New York-based digital credentialing company Credly today announced that it has raised $11.1 million in a series A funding round led by Zoma Capital and the nonprofit Strada Education Network, with contributions from existing investors New Markets Venture Partners, University Ventures, Lumina Foundation, Pearson, and Lion Brothers Company. This brings Credly’s total venture capital raised to $18.2 million, more than doubling its previous total raised ($7.1 million).

“Credly is working with some of the world’s most recognizable and trusted organizations to build a skills-based currency for the future of work,” said CEO Jonathan Finkelstein. “The combined support of social impact, strategic, and growth capital partners will accelerate Credly’s progress toward connecting people to opportunity based on their verified capabilities and helping organizations make better, more strategic, data-informed human capital decisions.”

Photo courtesy of Andrew Magill.

Source: VentureBeat (link opens in a new window)

Categories
Technology
Tags
social impact, social innovation, venture capital