admin 1st August 2018

Guild Education landed a whale this spring.

The Denver-based tech-education startup announced May 30 that it is working with Walmart to offer college degrees from three universities to all of the mega retailer’s 1.4 million U.S. associates so long as participating workers chip in $1 per day toward the cost. It was the biggest partnership to date for the firm that already boasted Chipotle Mexican Grill and Taco Bell as clients.

Now, two months later, Guild is celebrating $40 million in Series C funding. The investment was led by Silicon Valley firm Felicis Ventures. Its managing director, Wesley Chan, is now a Guild board member.

Rethink Impact & Education, Salesforce Ventures, Silicon Valley Bank and Workday Ventures joined in the funding, according to a news release. Previous investors Bessemer Venture Partners, Redpoint Ventures, Harrison Metal, and Cowboy Ventures also contributed.

Series C money is the last investment startups seek in their seed-to-full-grown progression. Combined with earlier investments, Guild has now taken in $71.5 million since being formed by Rachel Carlson and Brittany Stich in 2015. 

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