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Fuse Universal secures $10m investment

Fuse Universal has secured $10m in growth capital investment as it looks to further disrupt the global learning technology market.

Education Growth Partners invested the $10m to bolster traction in Corporate and Higher Education markets, expand sales and services operations in London, Cape Town and New York and accelerate the product roadmap.

Fuse is a global learning technology company pioneering a new approach to online learning, knowledge sharing and communication in the workplace through its innovative technology platform, that supports continuous, social, blended and mobile learning.

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 and communication tools or adding the modern elements that legacy platforms need to fully engage their learners.

Launched in 2011 and based in Shoreditch 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 offering to fully blended and digital.

Steve Dineen, founder and CEO of Fuse Universal, said: “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 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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