Hive Learning sees growth of £3.5 million
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In an age where artificial intelligence is imperative to the way we work, Hive Learning the mobile-first collaborative learning platform developed for leaders, teams and organisations to collaborate and learn more effectively has raised £3.5 million in a funding round led by the UK’s leading venture builder, Blenheim Chalcot.
The funding will grow and develop the AI-driven product development and content packages as part of the company’s ambitions to transform the global market for learning and behaviour change, which is estimated to be worth more than $300 billion.
Angus McCarey, CEO, Hive Learning commented: “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 organisations 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.”
Hive Learning was founded in 2012 by Blenheim Chalcot and World Cup-winning rugby coach, Sir Clive Woodward. Board members include ex-Google MD, Dan Cobley, and Matthew Syed, the acclaimed expert on the science of high-performance teams.
The company has a growing European and global client base of more than 40 leading organisations 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.
Blenheim Chalcot Partner and Hive Learning Chairman, Charles Mindenhall, added: “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.”
Blenheim Chalcot has helped build over 40 successful businesses since 1998, including companies such as ClearScore, Agilisys, Salary Finance and, in the EdTech space, AVADO and Arch Apprentices. Visit hivelearning.com to learn more.