[Funding alert] London-based MOONHUB Secures €1.3 Million in Funding

Ada Ventures and Pi Labs both made subsequent investments after their first ones. The most recent investment will go toward expanding into new markets and developing new products.

Read also - London-based KLIQ Secures €1.4 Million in Pre-Seed Funding

With co-founders Vinh Ly and Hannah Sutcliffe, as well as an award-winning Spot and Jot technology, MOONHUB is revolutionizing learning and development. The company was founded in 2016 by CEO Dami Hastrup.

MOONHUB 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. “

The platform, which covers fields including social care, security, and facilities management, imitates real-world situations to provide a hands-on learning environment that is safe, economical, and reduces need on physical resources. This gives workers unique insight into their abilities and output, empowering management to make more intelligent, data-driven choices.

Hastrup said, “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. Our dementia care VR training has a 98% approval rating with countless examples of how our training has made professionals feel more valued, connected and prepared, and the families of care patients being more reassured that their loved ones are in safe hands. It’s this type of feedback that inspires our team as we continue to show people the power of immersive learning,”.

Virtual reality (VR) technology simplifies remote training, providing employees in different places with flexibility and accessibility. This flexible strategy guarantees effective and efficient training delivery regardless of location, which adds even more to the smooth learning process.

Nora Bavey, Founder and General Partner at Unconventional Ventures, commented: “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. 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.”

About MOONHUB

MoonHub, they are a dynamic startup company that specializes in using their cutting-edge VR teaching system to train other businesses. In order to transform your idea into a virtual reality, MOONHUB's creative department will provide you with a production plan that is ready to be refined before content creation.

Read also - Manchester-based ESProfiler Secures £2.8 Million in Seed Funding