The London-based startup offering VR-powered, fully immersive training courses, Moonhub, has raised $2.6 million in a seed funding round. The round was led by proptech VC firm Pi Labs and saw participation from Ada Ventures, 1818 Venture Capital, and numerous other angel investors.
The company’s courses simulate real-life scenarios within a more exciting learning environment for diverse applications, from delivery driver and security training to dementia care training.
The virtual reality learning and training space have recently picked up momentum and interest from investors worldwide. The Danish edtech platform, Labster, creating a virtual ‘eduverse’ for science and medical students, raised $47 million earlier this month. The Finnish startup, Varjo, selling virtual and mixed reality headsets for pilot and astronaut training, has raised $54 million within 18 months of its launch.
These startups and similar ones in the sector have immense opportunities to capitalize on as companies look for innovative ways to upskill their workforce. Moonhub’s notable customers include Just Eat, French banking group BNP Paribas, and UK private homecare provider Anglian Care.
“We’ve actually had companies talk about employee retention as one of their KPIs, as training and onboarding is one of the first impressions someone gets when joining a company,” said Moonhub co-founder Dami Hastrup.
Dami further explained how virtual reality is a fitting solution to meet the growing training needs of companies globally. It is more efficient and can be completed in a fraction of the time and cost compared to traditional training methods.
Moonhub’s solution takes the employees through a 360-degree training scenario, incorporating several specific elements wherein the trainee can score points in a five-layered scoring system. The company calls it the ‘spot and jot’ scoring system.
The setup requires a VR headset, and the Pico G2 4K headset is the recommended device.
Moonhub intends to use the funds to expand its team and ‘maximize the quality’ of its courses spanning across sectors, from healthcare to security.
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