HowNow Raises £7.5 Million to Enhance Learning Solutions
In a new chapter for the edtech landscape, HowNow, a pioneering AI-powered learning and skills platform based in London, has successfully secured £7.5 million in Series A funding. This substantial injection of capital positions the company to further innovate and expand its offerings in a rapidly evolving market. Investors, including Mercia Ventures and the esteemed FTSE 100 education firm Pearson, were key players in this funding round, indicative of the growing confidence in AI-driven solutions for skill development.
HowNow's mission is clear: to bridge the skills gap for businesses operating across more than 30 countries.
With the recent launch of its HowNow AI suite, which delivers advanced capabilities for mapping and measuring skills alongside identifying learning opportunities, the platform is capturing the attention of progressive mid-market and enterprise organizations. As companies increasingly recognize skills as the currency for sustained growth, HowNow’s unique approach is poised to transform how organizations invest in employee development and training.
Under the leadership of CEO Nelson Sivalingam, HowNow has grown its workforce to 75 dedicated employees spread across its London and Mumbai offices. The strategic hires, including Sam Lawton as Head of Customer Experience, Chris Chesterman as Head of Sales, and Kunal Gala as Head of Engineering, will further strengthen the company's operational foundation. With Michael Whitfield, former CEO & Founder at Thomsons Online Benefits, now Chair of the Board, HowNow is well-equipped to navigate its growth trajectory within the competitive landscape of funding and investment.
Key Terms Explained
- Series A funding
- This is the first round of venture capital financing. Funds raised at this stage are typically used to further develop a proven product or service and may also be used for market research or business plan development.
- HowNow AI
- This is a suite of advanced capabilities developed by HowNow to map and measure skills of employees in various businesses, as well as to identify learning opportunities.
- Skills gap
- This is a significant gap between an organization's skill needs and the current capabilities of its staff. The term is often used to describe a situation where employers are unable to find candidates with the skills they need, despite a large pool of available workers.
Frequently Asked Questions
- How much funding did HowNow secure in their Series A round?-HowNow secured £7.5 million in their Series A funding round.
- Who are some of the investors for HowNow?+
- What is the mission of HowNow?+
- Who are the strategic hires of HowNow?+
- Who is the Chair of the Board at HowNow?+
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