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Funding
VR training platform Moonhub raises USD 1.4 million in funding to bolster product development and market expansion
Extended Reality
Feb 29, 2024
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Extended Reality

Extended Reality

View industry hub
Feb 29, 2024

VR training platform Moonhub raises USD 1.4 million in funding to bolster product development and market expansion

Funding

  • VR-based learning platform Moonhub raised USD 1.4 million in a funding round led by Unconventional Ventures, with participation from Pi Labs and Ada Ventures. The round brings Moonhub's total funding to USD 4.5 million.

  • Funds were earmarked to accelerate product development initiatives and to expand its operations into new markets. 

  • UK-based Moonhub offers healthcare-based training for dementia care and CPD-accredited diversity and inclusion training for enterprises. Further, the company also provides bespoke XR training solutions, alongside a dashboard to monitor training analytics. The company claims that its platform requires only 25% of the time compared to traditional training methods. 

  • Analyst QuickTake: The round follows the company backed by Google as part of its 2022 Cohort of the Black Founders Fund, having received USD 0.1 million in cash and one-on-one mentoring. Additionally, in April 2022 , the company raised USD 2.6 million in seed funding to further product development efforts.

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