US-based digital credentialing service Credly has received $11.1m in a funding round that included educational publisher and learning materials producer Pearson and badging product maker Lion Brothers.
Non-profit organisation Strada Education Network also took part in the round, as did Zoma Capital, New Markets Venture Partners, University Ventures and Lumina Foundation.
Founded in 2012, Credly provides an online platform that helps users create, issue and share digital credentials covering verified skills, abilities and certifications.
The company had previously secured $4.6m in financing from Lion Brothers, New Markets Venture Partners, University Ventures, Lumina Foundation and City & Guilds Group in 2017. All the investors also took part in a $2.5m seed round in 2016 that was co-led by University Ventures and New Markets.
Jonathan Finkelstein, Credly’s chief executive, said: “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 organisations make better, more strategic, data-informed human capital decisions.”