Octopus Investments’ Development Capital team has provided growth funding to Fuse Universal (Fuse), a provider of next generation learning technology for the workplace. Octopus Investments joins existing investors, Eight Road Ventures and Education Growth Partners, in supporting the company through its next stage of growth.
Fuse’s learning platform allows enterprises to create, curate and share relevant internal and external content among employees to facilitate seamless learning, “peer to peer” knowledge sharing and effective internal communication. Fuse is currently used by over 120 enterprise customers including Adidas, Avon, InterContinental Hotels Group, Merck, Spotify and Vodafone. Typical use cases include training new staff, sharing best practices, providing information on the latest products to sales teams and communicating corporate updates throughout an organisation.
Fuse will use the proceeds of this fundraise to continue enhancing the user experience of its market leading learning platform, incorporating the latest learnings in AI, data analytics and behavioural science. Fuse will also invest in accelerating its expansion plans into international markets.
Steve Dineen, Chief Executive Officer and Chief Storyteller at Fuse Universal, says: “This financing gives Fuse the ability to accelerate our growth plans, capitalising on demand across Europe, the Americas, and Asia-Pacific, and fulfilling our mission of making effective workplace learning available to employees at large and fast-growing companies worldwide. We are thrilled to be working with the Octopus Investments team, with their strong track record of supporting and scaling innovative tech companies like Fuse.”
Richard Court, Head of the Development Capital team at Octopus Investments, says: “Businesses across the globe are increasingly seeking ways to deliver effective learning within their organisations. Fuse has developed an innovative and best-in-class corporate learning proposition with high levels of employee engagement, and we believe it is well positioned to capitalise on this trend. The management team is also highly experienced and is now perfectly poised to deliver on the company’s international growth plans. We look forward to supporting Fuse on the next stage of its exciting journey.”
