Credly Digital Credentials Blockchain Company Gets Over $11 Million in Funding, $18 Million in All

Series A Funding Round for Credly Brings in $11.1 Million

Startups often get involved with funding rounds in an effort to bring in capital for the costs associated with developing their exchange. A recent Series A funding round, which was led by Zoma Capital and Strada Education Network, brought in $11.1 million for a new startup based in New York named Credly, which created digital credential products. The funding round was announced by Credly on Twitter, reports SludgeFeed.

With the services available through Credly, users are able to create, issue, and share their own credential digitally, using a proprietary blockchain platform. Consumers can also see analytics on the way that the credentials have been used. With this Series A funding, Credly’s overall value is $18.2 million. As the company sees it, this value shows the interest that major employers have in using digital credentials.

CEO Jonathan Finkelstein commented that the company is presently “working with some of the world’s most recognizable and trusted organizations.” Their work will create a “skills-based currency” for the workplace, combining the help of “social impact, strategic, and growth capital partners” to connect with the community.

Other investors in the Series A round include New Markets Venture Partners, University Ventures, Lumina Foundation, and Pearson and Lion Brothers Company.

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