London-based edtech startup Fuse Universal, which provides mobile learning technology for workplaces, has raised $20 million in growth capital from Eight Roads Ventures.
Fuse uses its mobile-based learning platform to drive employee performance, engagement, and retention. Fuse’s platform allows businesses to create, curate and share relevant internal and external content among employees to facilitate learning, knowledge sharing and communication.
“Fuse has a unique offering which is transforming how businesses are able to educate and engage their workforce," said Michael Treskow, Partner at Eight Roads Ventures, who will join the Fuse board. "We’re excited to work with this talented team and support them with our global platform and network of experienced operators as they scale-up and internationalise.”
Fuse's global customer base includes major corporations such as Merck, EY, International Hotel Group, The Prince's Trust, Spotify and Vodafone.
“We’ve had a remarkable three years since our Series A in 2015 and now serve over 100 clients around the globe," said Steve Dineen, founder and CEO of Fuse Universal. "Without a doubt, the biggest beneficiary of the investment will be our customers. They have been challenging us on what they want from our product team and our primary focus is to ensure that our customers reap the rewards of this investment round and that we continue to be the world’s leading next-gen learning solution.”
The investment will allow Fuse to continue its innovation in educational technology innovation and advance its work in areas such as machine learning and AR. It will also support the company’s continued geographic expansion, as well as help the startup to develop its charity arm, FuseSchool, which delivers free educational content to children across the world, and currently has over 140,000 subscribers.