March 4, 2024 –Interactive Virtual Reality (VR) Training PlatformMOONHUB recently announced a $1.4 million (1.1 million pounds) investment led by Danish VC Unconventional Ventures.
This latest investment brings the total amount raised by the company to USD $4.5 million (GBP £3.57 million). Pi Labs and Ada Ventures both followed on their previous investments. MOONHUB stated that the investment will be used for product development and new market expansion.
Launched in 2016 MOONHUB aims to reshape learning and development through its CPD-accredited immersive VR learning experiences and patented “Spot and Jot” technology.
Spanning sectors such as facilities management, security, and social care, the platform replicates real-world scenarios to create a hands-on learning environment that’s secure, cost-effective and minimizes reliance on physical resources. This produces unique employee insight on skills and performance, which enables managers to make better informed data-driven decisions, according to MOONHUB.
The London-based VR company stated that companies including Just Eat, BNP Paribas, Amazon, Zurich, Warner Brothers, and homecare provider Anglian Care, have all been working with MOONHUB to support their global workforces.
MOONHUB’s VR technology helps to streamline remote training, offering flexibility and accessibility to employees across diverse locations. This adaptable approach provides a more efficient and effective training delivery, and ensures a seamless learning experience, regardless of geographical barriers.
Commenting on the funding, CEO and founder Dami Hastrup said: “2024 is a transformational moment for MOONHUB. In the past few years, we’ve worked towards this moment, to become the recognised leader in immersive training, working with global brands that want to support their teams’ development through the use of exciting new technologies. Following this investment, we’re supercharging our growth as a business to further establish ourselves across various sectors, from insurance to security and social care with our ELARA product.”
Hastrup also noted that MOONHUB’s dementia care VR training has received a 98% approval rating, with both the families of care patients being more reassured that their loved ones are in safe hands, and professionals working with patients feeling more prepared, valued and connected.
“Investing in MOONHUB was a clear choice for us as impact investors, driven by the urgent need to close the skills gap and recognizing its significant social impact,” said Nora Bavey, Founder and General Partner at Unconventional Ventures. “The potential impact of VR technology on the global economy solidifies our belief in MOONHUB’s role as a transformative force in the training industry, especially in sectors like healthcare. By democratizing access to high-quality education and bridging geographical barriers, MOONHUB contributes to greater inclusion and opportunities for individuals from all backgrounds, empowers workers with new skills and enhances their employability.”
Source: Auganix
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