MOONHUB has recently announced a significant boost to its growth and innovation efforts with an investment of €1.3 million ($1.4 million), led by Unconventional Ventures.
The round, backed by Pi Labs and Ada Ventures, has raised MOONHUB’s total funding to an impressive €4.1 million ($4.5 million).
MOONHUB’s Story
MOONHUB is a trailblazing, interactive virtual reality (VR) training platform. Founded in 2016 by CEO Dami Hastrup and co-founders Vinh Ly and Hannah Sutcliffe, MOONHUB is pioneering in learning and development.
Its platform offers CPD-accredited immersive VR learning experiences featuring its patented Spot and Jot technology.
This approach has seen the platform gain traction across various sectors, including facilities management, security, and social care.
The efficiency of MOONHUB’s training courses is remarkable, achieving training completion in just 25% of the time required by conventional methods.
Its VR technology boasts an increased learning retention rate of 75%, compared to 10% for traditional classroom training programs, and a 52% reduction in skill fade.
Global giants such as Just Eat, BNP Paribas, Amazon, Zurich, Warner Brothers, and Anglian Care are among the businesses using MOONHUB’s services.
The €1.3M Investment
The latest investment will be used for product development and expansion into new markets.
“2024 marks a transformational moment for MOONHUB,” said CEO Dami Hastrup.
“We’re now poised to escalate our growth and assert our presence across various sectors, especially with our ELARA product in the dementia care VR training sector, which has garnered a 98% approval rating.”
Unconventional Ventures, the lead investor, praised MOONHUB for its impactful contribution to closing the skills gap and its significant social influence.
“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,” said Nora Bavey, Founder and General Partner at Unconventional Ventures.
