London based EduMe raises $5m Series A to support rapid global expansion of its mobile workforce training and engagement platform
Mobile Workforce Success pioneer EduMe is expanding globally to support workforce engagement with leaders such as Uber, Deliveroo and Deloitte, as businesses adjust to “Work from Anywhere” and employees are empowered with skills training and knowledge access.
London, 30th July 2020: EduMe, the leading Workforce Success platform used by companies like Uber, Deliveroo and Deloitte, has today announced a $5 million Series A round led by Valo Ventures. The round also includes participation from existing investors Connect Ventures. The raise marks Silicon Valley-based Valo Ventures’ first European investment and acknowledges the global appeal of EduMe’s platform.
EduMe’s solution caters to the 2.7 billion people that make up the deskless workforce, equivalent to 80% of the global workforce. By giving them the knowledge and ability to influence, EduMe empowers people to be successful in their jobs and thus boost the success of the business. This is known as Workforce Success, a critical element in the growth strategy of modern companies.
EduMe is a mobile-based Workforce Success tool for training, informing and engaging the deskless workforce. Using lessons to train, messages for instant broadcasts and surveys to capture feedback – the platform enables powerful knowledge retention. This immediate access to information, and a voice to be heard, helps create a more informed, knowledgeable and engaged workforce. This has allowed EduMe to help its customers achieve high double-digit increases across business-critical areas such as productivity, engagement and quality.
Jacob Waern, Founder and CEO of EduMe comments “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 comments: ”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 with benefits like decreased onboarding costs and improved customer experience. We love that combination of purpose and profit at Valo Ventures, so we are thrilled to partner with the team at EduMe as they enable Workforce Success.”
EduMe is used in more than 30 countries across 6 continents, catering to a wide range of industries including ride hailing, food delivery, logistics, mobile network operators, retail, hospitality and healthcare. With an easy-to-use solution combining learning, information delivery and engagement, EduMe’s customers are able to deploy instantaneously and achieve business value within weeks.
The company has seen a period of intense growth recently that includes Uber expanding its use of EduMe to deliver training to its global driver base on how to protect themselves and their passengers during the Covid-19 pandemic, as well as the global deployment with food delivery platform Deliveroo. This fundraise will allow EduMe to continue to assert its position as the leading training and engagement solution for the on-demand sector, as well as expand into new industries that will benefit from remote workforce training and engagement.
EduMe is a Workforce Success platform used by modern companies across 6 continents to train, inform and engage those who work with them. By having effective learning and relevant information in the palm of their hands these individuals working with companies like Airbnb, Deliveroo, Deloitte, Uber and Vodafone are empowered to perform at their best. EduMe is based in London, UK. Visit us at www.edume.com to learn more.
About Valo Ventures
Valo’s mission is “investing in a brighter future” by championing innovative digital technology companies that create economic value as well as long-term societal and environmental benefits. Based in Palo Alto, we are a passionate, experienced team focused on five global megatrends—climate change, empowered people, autonomy and mobility, urbanization and the circular economy. For more information, visit www.valoventures.org.