Accredible Secures Series B Funding to Expand Digital Credentialing Platform

The world's leading digital credentialing platform, Accredible, has announced the successful closing of its Series B financing round, led by Frontier Growth. The funding round also saw participation from new and existing investors, including The Stephens Group, PivotNorth, and Uncork Capital. This investment will enable Accredible to continue accelerating its growth and product innovation, meeting the increasing global demand for its platform from universities, associations, and technology companies looking to establish and expand their digital credential programs.

Accredible was founded in 2013 and has since helped leading organizations streamline the process of creating, issuing, managing, and verifying digital certificates and badges. With over 2,000 customers, including renowned organizations like Skillsoft, Slack, IEEE, Cengage, and MIT, Accredible has issued and verified over 75 million career-advancing credentials on their behalf.

The growing emphasis on skills-based hiring and the global demand for upskilling and reskilling workers has positioned digital credentials as the primary format for high-stakes credentials. Education, training, and association leaders have recognized the need for digital credentials to keep pace with the future of work and education. Accredible's digital credentialing platform addresses this need by offering a seamless and efficient solution for managing and growing credential programs.

Andrew Lindner, Founding Partner of Frontier Capital, expressed his delight in partnering with Accredible to accelerate the digitalization of the credential market. Accredible has emerged as the leading platform for third-party issuers of digital credentials, focusing on driving revenue and better retention for their clients. This growth equity investment will enable the company to enhance its line of credential products, delivering even more value to customers and ensuring an exceptional experience for credential recipients.

Ryan Morrow, Principal at the Stephens Group, highlighted the need for efficient management of credentials, which 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 for both issuers and students.

Accredible's recent achievements further validate its position as a leader in the industry. The company was named to the 2023 Inc. 5000 list of fastest-growing companies and received recognition as the Best SaaS Product for Learning Management or Training at the 2023 SaaS Awards. It was also honored as one of Inc.'s Best Workplaces for 2023 and ranked No. 25 on the 2023 WorkLife 50 list.

For those interested in joining Accredible, the company has various open positions. Visit their careers page at https://careers.accredible.com to learn more and apply.

About Accredible:

Accredible is the industry-leading digital credentialing platform that securely issues, manages, tracks, and verifies over 75 million career-advancing credentials globally. The platform integrates with popular learning software, such as Canvas, D2L Brightspace, Kajabi, Kryterion Webassessor, Moodle, and Thinkific. Accredible serves over 2,000 leading universities, associations, and technology companies, including Google, Skillsoft, Slack, Chartered Banker Institute, University of Cambridge, Hootsuite, and MIT. To learn more, visit accredible.com.

About Frontier Growth:

Frontier Growth is a firm that supports the growth of software companies in the lower middle market by providing investment capital and operational expertise. The company's focus is on putting people before numbers and helping businesses continue their growth while fostering innovation. For more information, visit www.frontiergrowth.com.

About The Stephens Group, LLC:

The Stephens Group, LLC is a private investment firm that partners with talented management teams to build valuable businesses. With nearly $2 billion of private equity assets under management, the firm has invested in over 50 companies across various industries in the U.S. For more information, visit www.stephensgroup.com.

In conclusion, Accredible's successful Series B funding round led by Frontier Growth marks a significant milestone in the company's journey to revolutionize digital credentialing. This investment will enable Accredible to further enhance its platform, meet the growing demand for digital credentials, and continue its mission to transform the future of work and education.