Foley Served as Lead Investor Counsel to Riverwood Capital in Degreed’s Series D Unicorn Funding

14 April 2021 Media Contact: Dan Farrell News

Foley & Lardner LLP served as counsel to Riverwood Capital, who led the most recent round of Series D funding in Degreed Inc., a Pleasanton, CA based software company serving human resource departments.  With this round of $153 million in investment, the company is now valued at more than $1.4 billion. 

The funding 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.

The Foley team was led by partners Louis Lehot and Nicole Hatcher and included Special Counsel Catherine Zhu and associates Ethan Floyd, Saige Gallop, Kevin Hotchkiss and Kathryn Parsons-Reponte.

About

Degreed is the workforce upskilling platform for one in three Fortune 50 companies. Degreed connects learning, talent development, and internal mobility opportunities to intelligence on the skills businesses needs next. Founded in 2012, Degreed is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane.

Riverwood Capital invests in high-growth companies in the technology and technology-enabled industries. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values. Riverwood has offices in Menlo Park, CA; New York, NY; and São Paulo, Brazil. Please visit www.riverwoodcapital.com

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With approximately 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.  In California, Foley maintains five offices in Silicon Valley, San Francisco, Los Angeles, San Diego and Sacramento with over 130 lawyers across the region focusing on innovation at every stage of growth, from startups to fast-growing and mid-market businesses to mature global enterprises. Foley lawyers are known for their strong values-led, practical and commercial approach, and for deploying strategies and solutions that make sense.

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