Venture capital firm Eight Roads today announced that it has thrown $20m (£14.8m) behind workplace learning technology company Fuse Universal.
Fuse works with over 100 enterprises including Merck, EY, International Hotel Group and Spotify to provide technology to assist with workplace education.
Corporate learning is a market that has seen a rapid expansion in recent years, as it is now worth over $100bn as companies recognise the value of learning as a driver of employee productivity.
Its investor Eight Roads also backs furniture store Made.com and beauty bookings app Treatwell, and recently announcedthat it had raised $375m in a new growth fund.
Read more: Made.com backer Eight Roads has just raised a new $375m growth fun
Eight Roads' cash will reportedly help Fuse stay at "the forefront of educational technology innovation" and allow the company to branch into emerging technology like machine learning and AR.
It will also support Fuse's geographic expansion as it addresses an increasingly global customer base.
"Without a doubt, the biggest beneficiary of the investment will be our customers," said Fuse founder Steve Dineen. "They have been challenging us on what they want from our product team and our primary focus is to ensure that our customers reap the rewards of this investment round and that we continue to be the worlds leading next-gen learning solution."
Michael Treskow, partner at Eight Roads Ventures stated:
Fuse has a unique offering which is transforming how businesses are able to educate and engage their workforce.
Were excited to work with this talented team and support them with our global platform and network of experienced operators as they scale-up and internationalise.
