HowNow, a UK-based edtech startup, has raised €4.6 million ($5 million) in funding from Mercia Asset Management and Pearson to further develop its learning and experience platform, which aims to provide a more engaging and collaborative approach to workplace coaching that is suitable for the modern world. The company has doubled its revenue since its initial seed funding and has onboarded more than 100 organisations in over 150 countries. HowNow plans to use the investment to continue expanding its global footprint and developing features that scale knowledge sharing, make it easier to measure impact, and connect learning and skills to the overall employee experience.
HowNow, an edtech startup that provides a learning and experience platform for upskilling and learning together, has secured €4.6 million ($5 million) in funding from Mercia Asset Management and Pearson. The investment comes as companies around the world increasingly recognize the importance of retaining talent and developing their teams’ skills. HowNow believes that learning is a fundamental part of driving business performance and empowering companies to engage, retain, and develop their best people. The company aims to provide a more engaging and collaborative approach to workplace coaching suitable for the modern world.
Since its initial seed funding two years ago, HowNow has doubled its revenue and onboarded over 100 organizations in more than 150 countries. The company has secured €4.6 million ($5 million) from Mercia Asset Management and Pearson, the world’s leading learning company, to further develop its learning and experience platform. The startup brings learning and development into one space to connect every employee with learning opportunities, skills, and knowledge in the flow of work. HowNow has also reported engagement rates that are five times higher than the average. With this new investment, the company plans to continue developing features that scale knowledge sharing, make it easier to measure impact, and connect learning and skills to the overall employee experience.
HowNow’s learning experience platform helps companies onboard, upskill, and support employees faster, regardless of where they work. The company aims to shake things up in workplace coaching by providing a more engaging and collaborative approach that is suitable for the modern world. HowNow has been used for companies such as Depop, Vanmoof, Permutive, and Checkout.com, as well as by enterprise clients like Mercer, Telenor, Sanofi, and Investec. The startup believes that without continuous development, individuals and organizations risk becoming socially and economically obsolete. With this investment, HowNow plans to continue developing its platform and expanding its global footprint.
HowNow’s recent funding round reflects the growth of the edtech market, which has boomed over recent years and is expected to continue growing. The company aims to provide a learning and experience platform that empowers companies to engage, retain, and develop their best people. With this new investment, HowNow plans to expand its global footprint and continue developing features that make it easier to measure impact, scale knowledge sharing, and connect learning and skills to the overall employee experience.
