# Credly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/credly

- Industry: Software
- Headquarters: New York, US
- Website: www.credly.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 15, 2016)
- Investors on record: 2

## About

Credly, Inc. specializes in digital credentialing, offering innovative solutions that empower organizations to issue and manage verified digital badges, enhancing skill recognition and workforce development in various sectors.Founded in 2012, Credly, Inc., headquartered in New York, US, focuses on digital credentialing to help organizations recognize individual skills and achievements. The company has successfully completed 4 deals, with the most recent being a Trade Sale to Pearson PLC for USD 200.00 mn on January 31, 2022. The company's founders, John Duong and Jonathan Finkelstein, also function as its CEO.Credly by Pearson specializes in digital credentialing solutions, primarily through its Acclaim platform, which serves as the backbone for issuing and managing verified digital badges. This platform allows organizations, including certification bodies, educational institutions, and corporations, to recognize the skills and achievements of individuals through digital credentials. The main use cases for Credly's services include enhancing employee visibility in the job market, supporting workforce development initiatives, and driving learner engagement in educational settings. The company serves a diverse client base of over 4,000 certification and training providers, employers, and learning organizations across various industries such as banking, healthcare, and technology, operating in North America, Europe, and Asia.Credly's revenue model is based on partnerships and subscription services that enable organizations to utilize its digital credentialing platform. Clients engage with Credly under a subscription framework, paying fees based on the volume of credentials issued or managed through the Acclaim platform. Revenue is generated through these agreements, allowing access to advanced features, including workforce insights and strategic planning tools tailored to bridge skills gaps within organizations.Following its acquisition by Pearson Group for USD 200.00 mn on January 31, 2022, Credly plans to leverage this support for product development and market expansion. The company is designing upcoming features for its Acclaim platform aimed at enhancing user experience and integrating new functionalities. Additionally, Credly intends to expand into more international markets, targeting regions in Europe and Asia by the end of 2023 to increase its global footprint and user base.

## Funding rounds

- Seed, Mar 15, 2016, $2.5M — New Markets Venture Partners, University Ventures

## Investors

- New Markets Venture Partners (https://capitalatlas.ai/funds/new-markets-venture-partners) — Seed
- University Ventures (https://capitalatlas.ai/funds/university-ventures) — Seed