Accredible, the world’s leading digital credentialing platform, has recently announced that it has raised an undisclosed amount in a Series B funding round led by Frontier Growth with participation by new and existing investors, including The Stephens Group, PivotNorth, and Uncork Capital. The fresh investment will help the company grow and innovate to meet the global demand for its platform from institutions, associations, and technology companies looking to create and develop their digital certification programmes.
Accredible, established in 2013 by Danny King and Alan Heppenstall, aims to help overcome the skills gap. The platform’s digital credentials allow individuals to share their achievements and prove their credibility, organizations to help their students get hired, and employers to find the right person for the job. Its mission is to host the world’s credentials, becoming the world’s first utterly verifiable repository of human capital in the process. It offers a digital credentialing platform that securely issues, manages, tracks, and verifies over 75 million career-advancing credentials globally. The system integrates with learning software, including Canvas, D2L Brightspace, Kajabi, Kryterion Webassessor, Moodle, Thinkific, and more.
Over 2,000 universities, associations, and technology companies use it to create, deliver, and manage digital certificates and open badges, including Google, Skillsoft, Slack, Chartered Banker Institute, University of Cambridge, AMPP, Hootsuite, IEEE, Cengage, MIT, Rutgers, UC Berkeley, AMBA, and The Digital Marketing Institute.
Speaking about the company, Co-founder & CEO of Accredible, Danny King, said:
With the explosion of skills-based hiring and the global demand for workers to upskill and reskill, 2023 has been a watershed moment for the digital credential industry. We’re hearing from education, training, and association leaders that digital credentials have become the primary credentialing format for high-stakes credentials. We are now a ‘need to have’ to keep pace with the future of work and education. The momentum we’re seeing validates our belief that while achieving certifications should be challenging, managing and growing programs shouldn’t be.
The organization believes that lifelong learning, in any form, should be promoted, embraced, and acknowledged to improve one’s life. It is headquartered in Mountain View, California, and has a physical office in Ely, Cambridgeshire, UK. Team members live and operate remotely in the United States, the United Kingdom, Canada, Portugal, Spain, Egypt, South Africa, and others worldwide.
Andrew Lindner, Founding Partner of Frontier Capital, who will join the Accredible Board of Directors, added:
We are delighted to partner with Accredible in their journey to accelerate the immutable trend of digitalization of the credential market. Accredible has emerged as the leading platform for third-party issuers of digital credentials with a particular focus on driving more revenue and better client retention. This growth equity investment will enable the company to continue enhancing its line of credential products, offering even more value to its customers while providing an exceptional customer experience for the recipients of credentials.
Ryan Morrow, Principal of Stephens Group, commented:
We are excited to partner with the Accredible team as they continue executing their vision to bring credentialing into the digital world. Through our EdTech vertical, we identified the need for more efficient management of credentials as they have become an increasingly critical component of the modern educational journey. Students now earn numerous credentials throughout their careers, and Accredible’s solution enables the efficient management of these credentials, both for the issuer and the student.