ImpactAlpha, June 9 — Denver-based Guild Education has raised $175 million to help employers create career development opportunities for their employees.
The company helps wage workers start or return to degree programs with corporate tuition assistance programs it has developed for clients, including Disney, Walmart, Target and Macy’s (see, “Reskilling frontline workers, Guild Education becomes a B Corp unicorn”). Nearly five million employees in the U.S. have accessed Guild’s platform over the past year.
Guild will use the investment to create career opportunity programs for healthcare and financial services employers, mainly targeting frontline workers. Guild’s Rachel Romer Carlson said Guild is “helping companies build the workforce of the future, while providing frontline workers access to the education, skills and career pathways to build a better future for themselves and their families.”
The round, led by Wellington Management, brings Guild’s valuation to $4.4 billion. Citi Impact Fund, Iconiq Capital, General Catalyst, Oprah Winfrey and others also invested. Guild’s “innovative approach is beginning to deliver positive ROI and social impact,” said Wellington’s Matthew Witheiler.