Guild Education’s $40 Million Series C Financing

Cooley advised Guild Education on its recent $40 million Series C financing round led by Felicis Ventures.

Guild Education, a Denver, CO-based education benefits platform, closed $40m in Series C funding.

The round was led by Felicis Ventures, with participation from Rethink Impact & Education, Salesforce Ventures, Silicon Valley Bank and Workday Ventures and existing investors Bessemer Venture Partners, Redpoint Ventures, Harrison Metal, and Cowboy Ventures. In conjunction with the funding, Wesley Chan, Managing Director at Felicis Ventures, will also join Guild’s board.

The company intends to use the funds to grow its presence in the Fortune 1000.

Led by Rachel Carlson, CEO, Guild Education provides a technology platform that connects large employers and their workforces with top, nonprofit universities that focus on serving the needs of working adults. Guild’s Education Network offers a range of programs from high school completion and vocation programs through bachelor’s and master’s degrees. Additionally, its team of retention coaches and advisors support each employee in navigating the path back to school, with support from day one through graduation.

Guild is currently available to over 2.5M working adults, with access to classes, programs and degrees at over 90 universities and learning providers.

The company works with top US employers such as Walmart, Discover Financial Services, Lowe’s, Taco Bell, and Lyft, with plans to expand their reach and impact in coming years.

Cooley advised Guild Education with a team including Rachel Proffitt (Picture), Rachel M. Burns, Maret Delf and Eric Steiner.

Involved fees earner: Rachel Proffitt – Cooley LLP; Rachel Burns – Cooley LLP; Maret Delf – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Guild Education, Inc. ;

Author: Ambrogio Visconti