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Guild Education raises $157M in series D round

Guild Education Inc. secured $157 million in series D financing led by General Catalyst, bringing the valuation of the education platform aimed at working adults to $1 billion.

Emerson Collective, Iconiq Capital and Lead Edge Capital participated in the round, together with existing investors such as Workday Ventures, Salesforce Ventures, Next Play Capital, Silicon Valley Bank, Felicis Ventures, Bessemer Ventures, Redpoint Ventures and Harrison Metal.

Ken Chenault, chairman and managing director of General Catalyst, will be joining the company's board as part of the transaction.

Guild Education will use the funding to expand its employer base and university partnerships, pursue acquisition opportunities and develop its team.