San Francisco – September 11, 2018 – Cooley advised Guild Education on its recent $40 million Series C financing round led by Felicis Ventures. Partner Rachel Proffitt headed the Cooley team advising the company.
The round also included participation from new investors Rethink Impact & Education, Salesforce Ventures, Silicon Valley Bank and Workday Ventures. Existing investors Bessemer Venture Partners, Redpoint Ventures, Harrison Metal and Cowboy Ventures also joined the round. According to Guild, the financing will support its growing footprint in the Fortune 1000, helping leading companies offer education as a benefit to their workforces.
“Amidst record-low unemployment and impending automation, both employers and employees are fearful of how to prepare themselves for the future of work,” said Rachel Carlson, CEO of Guild, in a news release. “Offering education as a benefit through Guild helps companies attract and retain employees for today's job, while helping them upskill for the jobs of tomorrow.”
Guild is transforming the way companies offer education as a benefit to their workers. Guild's Education Benefits Platform provides technology that makes offering education benefits and tuition reimbursement an easy choice for leading companies, helping HR leaders turn their education cost centers into a positive ROI.
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