London, UK-based learning experience platform (LXP) that helps companies onboard, upskill and support employees faster everywhere they work, HowNow raised EUR 4.8 million in funding. The company announced the fundraise on February 6, 2023. Mercia Asset Management and the world’s leading learning company, Pearson, led the financing for the edtech firm.
Purpose of financing for HowNow
With the latest capital injection, HowNow seeks to plan its international expansion. Meanwhile, the company aims to continue developing features that scale knowledge sharing, making it easier to measure impact. Besides, it intends to connect learning and skills to the overall employee experience.
What the company’s official has to say
Nelson Sivalingam, CEO and Co-founder at HowNow, said, “In the era of exponential change, equipping people with the knowledge and skills to be successful at what they do at speed is one of the biggest challenges we face. Without such continuous development, individuals and organisations risk becoming socially and economically obsolete. The traditional LMS is not fit for the demands of the modern workforce. With HowNow, we’re excited to be defining how people learn in this new world of work. We’re delighted to welcome Mercia and Pearson Ventures onboard as investors to help us hopefully build one of the most important companies of our time.”
What the investors have to add
Daniela Tsoneva, Investor at Mercia, further said, “We are excited to support Nelson and his team in their quest to transform workplace learning. HowNow’s dynamic matching technology ensures users receive the right learning content at the right time. The company is a pioneer in the relatively new but fast-growing learning experience sector and has the potential to become a market leader. The funding will help it expand its global footprint and continue its rapid growth trajectory.”
In addition, Pedro Vasconcellos, VP of Pearson Ventures, said, “Pearson Ventures is pleased to join forces with HowNow, an exciting Workforce learning company, to support their growth and explore ways to work together. Their strategy to leverage data to enable the employee to take control of their learning experience and career development has interesting potential for the future of workforce learning.”
About the company
Nelson Sivalingam, Kuvera Sivalingam and Ashish Kumar launched the company in 2016. The edtech startup offers a learning experience platform for organisations to engage, retain and develop their best people. It helps them to connect every employee with learning opportunities, skills and knowledge in the flow of work.
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