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.
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
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