San Francisco-based corporate training and skill assessment company Degreed has secured $40 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 27 and financed by AllianceBernstein.
According to its Crunchbase profile, "Degreed is a lifelong learning platform that individuals and organizations use to discover learning content, build skills and certify their expertise. Degreed connects all the resources people use to learn and grow, including corporate learning systems and millions of courses, videos, books, articles, podcasts and subject experts from thousands of sources. Learners and businesses can use that learning record to assess their current skills, identify areas of improvement, and plan for the future."
The seven-year-old company has raised eight previous funding rounds, including a $42 million Series C round in 2018.
The round brings total funding raised by San Francisco companies in internet services over the past month to $393 million, and increase of $132 million from the month before. The local internet services industry has seen 304 funding rounds over the past year, capturing a total of $5.9 billion in venture funding.
In other local funding news, digital entertainment company Imgur announced a $20 million funding round on June 26, financed by Coil.
According to Crunchbase, "Imgur is the easiest way to discover and enjoy the magic of the Internet. It’s where you’ll find the funniest reaction GIFs, spiciest memes, cutest animals in sweaters, and most awe-inspiring science facts. Powered by a passionate community of people from all around the world, anyone can share something and be Internet famous the very same day."
The company also raised a $40 million Series A round in 2014.
Meanwhile, privacy company Aptible raised $12 million in Series A funding, announced on June 18. The round's investors were led by Maverick Capital.
From the company's Crunchbase profile, "Aptible is a secure, private cloud deployment platform built to automate HIPAA compliance."
Aptible last raised $120,000 in seed funding in 2014.
Also of note, productivity tools company Clockwise raised $11 million in Series A funding, announced on June 17 and led by Accel.
From Crunchbase, "Clockwise transforms people’s days, turning what they have — 15 minutes to work here, 30 minutes there — into what they need: uninterrupted blocks of time to focus, think and innovate. We use AI to create uninterrupted blocks of time, enhance Slack, take the stress out of complex scheduling, resolve double-bookings, and so much more. Clockwise has put back thousands of hours of time into the world's most innovative teams, like Lyft, Asana, Coursera, Twitter, Intercom, and many more."
The company previously raised $2.1 million in seed funding in 2017.
Rounding out the city's recent top local funding events, venture capital and consumer lending company Aura raised $10 million in corporate round funding, announced on June 25 and financed by Prudential Financial.
From Crunchbase, "Aura is a technology-powered, Community Development Financial Institution (CDFI) that provides small, affordable loans to working families in America. Our mission is to build financially healthy low-income communities, by providing empowering financial services to America’s 66-million underbanked and unbanked. Aura has pioneered a cloud-based lending technology that enables trusted local businesses to submit credit applications for centralized review and approval by its proprietary scoring algorithms."
The company previously raised $210 million in debt financing funding in 2018.
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