Funds Raised Will Aid Hive Learning in the Development of AI-Driven Products, Content Packages, Sales, Marketing, and International Expansion
Hive Learning, the mobile-first collaborative learning platform for leaders, teams, and organizations, has raised £3.5 million ($4.9) in a funding round led by the UK’s leading venture builder, Blenheim Chalcot.
The funds will be used to fuel the company’s AI-driven product development and content packages, sales and marketing, and international expansion through strategic partnerships, as part of the company’s ambitions to transform the global market for learning and behavior change, worth more than $300 billion.
Hive Learning was founded in 2012 by Blenheim Chalcot and Rugby World Cup-winning coach, Sir Clive Woodward. Board members include Dan Cobley, ex-Google MD, and Matthew Syed, the acclaimed expert on the science of high-performance teams.
The company boasts a growing European and global client base of more than 40 leading organizations including Deloitte, Sky, Jaguar Land Rover, FTSE100 business Halma, The Football Association and the International Olympic Committee. Hive Learning has grown +300% over the last 18 months and generated millions of learning interactions from users in almost every country in the world.
Hive Learning combines a mobile-first peer-to-peer learning platform with content products and AI technology, alongside a client team who deliver agile solutions for driving change. Recently Hive Learning acquired executive intelligence company, EditorEye Intelligence, to accelerate its Insights AI and professional services products.
“Gartner recently reported that by 2020 AI will create 2.3 million jobs while eliminating 1.8 million. It has never been more important for businesses to embed a culture of continuous learning and change. But most organizations don’t have the modern tools they need to drive real transformation. Hive Learning is changing that. I can’t wait to see what the next 5 years have in store for us,” said Angus McCarey, CEO, Hive Learning.
“Hive Learning has experienced exceptional growth, rapid product evolution and established a great team, all of which are helping the business deliver transformational results to a brilliant range of clients. We are excited to be backing Hive Learning with new resources to help them change the world of work even faster,” added Charles Mindenhall, Chairman, Blenheim Chalcot Partner, Hive Learning.
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