Fuse Universal Raises $10 Million Growth Capital
London (UK), June 2015 - Fuse Universal has announced a $10 million growth-capital investment to disrupt the global learning-technology market. Education Growth Partners invested the $10 million to help Fuse bolster traction in the corporate and higher-education markets, expand sales and services operations in London, Cape Town and New York, and accelerate the product roadmap.
Fuse Universal (Fuse) is an award-winning, global learning-technology company that is revolutionising online learning, knowledge sharing, and communication in the workplace through its innovative technology platform, which supports continuous, social, blended, and mobile learning.
Fuse is uniquely positioned in the learning-technology, digital-content, and higher-education space. The Fuse platform is modular and flexible, acting as a total learning solution, integrating seamlessly into a company’s existing infrastructure, replacing legacy learning management systems (LMS) and communication tools, or adding the modern elements that legacy platforms need to fully engage their learners. The company was launched in 2011 and is based in Shoreditch, London.
Fuse has experienced tremendous growth in the last year, attracting customers from big brands in the retail sector, like Vodafone, Carphone Dixons, and L’Oreal and winning new customers in the banking and telecommunications sectors. Fuse has also been successful in helping to modernise traditional training companies like Lifetime and Ingeus to transform their training offerings to fully blended and digital.
Customers from across the different sectors have chosen Fuse due to its unique proposition that combines learning, communication, and knowledge sharing in one platform across all devices, positioning itself at the forefront of online learning. Steve Dineen, Founder and CEO of Fuse Universal explains, “We were looking for an investment partner rather than just investment, and we believe we have found that in Education Growth Partners.
"Peter Campbell, Jose Wehnes, and the EGP team have a deep understanding of the global learning and education market and have an impressive track record in the industry. We see this investment as validation of our learning philosophy and technology. It’s also a validation of our strategy, where we have pioneered a focus on continuous learner engagement, which makes us stand out from our competitors. We’re extremely excited about the future".
Peter Campbell, Managing Partner of Education Growth partners added, "This is an exciting opportunity for us. As education specialists, we believe there is considerable opportunity to leverage our deep experience to help the Fuse management team map out a highly differentiated product strategy and an aggressive growth plan for the future."
The global learning-technologies market is growing at twenty percent a year, and the global learning and training industry is expected to be worth $6.37 trillion by 2017. Fuse has ambitious plans to grab a large chunk of the pie through its innovative solution and team expansion.
"This is just the beginning. There is still a wide open space in front of us to continue innovating and bringing incredible new products to disrupt the market. With these new resources, we’ll be able to continue to push the envelope, making extraordinary new tools available around the world," Dineen continued. "The team we’re putting together is the most creative and passionate team in the learning technology industry, and I’m personally excited about using this new investment to grow our team and take Fuse to the next level."
The investment, alongside boosting its core business, will also enable Fuse to realise its social mission by building out The Fuse School, which is currently in beta and already has over 25,000 subscribers.
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