Workforce engagement platform raises $5m for global expansion
A digital workforce engagement provider will kickstart its global expansion plans with a $5m Series A raise to support ‘work from anywhere’ employees.
London-based EduMe supports workplaces around the world to better engage with deskless employees – which account for 80 per cent of the global workforce – by providing them with the knowledge and ability to influence the growth of the company they work for.
EduMe announced the $5m Series A round, led by Valo Ventures with participation from existing investors, Connect Ventures. It marks Silicon Valley-based Valo Ventures’ first European investment.
Used in more than 30 countries across 6 continents, and with clients including Uber, Deliveroo and Deloitte, EduMe caters to industries including ride hailing, food delivery, logistics, mobile network operators, retail, hospitality and healthcare.
It uses lessons to train, messages for instant broadcasts and surveys to capture feedback to increase employee knowledge retention. Users of EduMe have reported double-digit increases in productivity, engagement and quality.
Jacob Waern, Founder and CEO of EduMe, said: “There’s never been a greater need to effectively train, inform and engage your workforce, and technology now allows us to do so seamlessly, regardless of where people perform their work.
“I’m also excited to welcome Valo Ventures as investors in EduMe. They have a genuine appreciation for this paradigm shift in the modern workforce, and their global network with a base in Silicon Valley makes them the perfect partner for EduMe.
“This investment will allow us to continue to invest into a unique product proposition that seamlessly combines mobile-first training, information and engagement to empower the modern workforce.”
Mona ElNaggar, Partner at Valo Ventures, said: “We are excited about the role EduMe can play in helping distributed workforces be successful. They create access to information where, when and how employees want to consume it, while delivering compelling ROI to employers.”
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