Accredible, the world’s leading digital credentialing platform, has successfully closed its Series B financing round, with Frontier Growth as the lead investor. The round saw participation from both new and existing investors, including The Stephens Group, PivotNorth, and Uncork Capital.
The newly acquired investment will be used to further accelerate Accredible’s growth and drive product innovation to meet the surging global demand for its platform. Universities, associations, and technology companies are increasingly turning to Accredible to develop and expand their digital credential programs.
Founded in 2013, Accredible has played a pivotal role in helping prominent organizations streamline the creation, issuance, management, and verification of digital certificates and badges through its digital credentialing platform. The platform has garnered the trust of more than 2,000 customers, including Skillsoft, Slack, IEEE, Cengage, and MIT, who rely on Accredible to issue and verify more than 75 million career-enhancing credentials on their behalf.
Danny King, CEO, and co-founder of Accredible, noted the remarkable developments in the digital credential industry, particularly the growing emphasis on skills-based hiring and the need for individuals to upskill and reskill. He stated, “The momentum we’re seeing validates our belief that while achieving certifications should be tough, managing and growing programs shouldn’t be.”
Andrew Lindner, Founding Partner of Frontier Capital, expressed delight in partnering with Accredible and emphasized its role as a leading platform for third-party issuers of digital credentials. Lindner noted Accredible’s focus on driving revenue growth and enhancing client retention. The investment from Frontier Growth will support Accredible in further enhancing its line of credential products and delivering exceptional value to customers while providing an outstanding experience to credential recipients.
Ryan Morrow, Principal at The Stephens Group, shared his excitement about partnering with Accredible and highlighted the company’s role in efficiently managing credentials, which have become a critical aspect of modern education. Accredible’s solution facilitates the efficient management of credentials, benefiting both issuers and students.
Accredible’s recent achievements include its recognition on the 2023 Inc. 5000 list of the fastest-growing companies and its receipt of the Best SaaS Product for Learning Management or Training award from the 2023 SaaS Awards. The company was also honored as one of Inc.’s Best Workplaces for 2023 and secured the 25th position on the 2023 WorkLife 50 list.