Social care VR training platform receives over $4m
A virtual reality training platform, which replicates real-world scenarios, has announced an investment of $1.4m, taking its total raised to $4.5m.
Launched in 2016 by CEO Dami Hastrup with co-founders Vinh Ly and Hannah Sutclifee, MOONHUB is reshaping learning and development through its CPD-accredited immersive VR learning experiences and patented Spot and Jot technology.
Spanning sectors which includes social care, the technology has recently received an investment of $1.4m (£1.1m) which will help support global workforces. The platform replicates real-world scenarios to create a hands-on learning environment that’s secure, cost-effective and minimises reliance on physical resources. This produces unique employee insight on skills and performance which enables management to make better informed data-driven decisions.
According to research from Skills for Care, which was published last year, 87% of employers felt that offering learning and development opportunities improved staff commitment in social care. In addition, the government have also launched a new plan to improve training and education in a bid to encourage more people into the sector.
Against this backdrop, MOONHUB’s courses expedite training completion in 25% of the time required by conventional methods. Whilst VR technology has been found to increase learning retention to 75% compared to just 10% for more traditional classroom training programmes and minimises skill fade by 52%.
Due to VR helping people complete their training in quicker time frames, this could be ideal for social care as the sector is facing one of the worst staffing crisis’ in history.
Commenting on the news of the recent investment, Dami Hastrup said: ‘2024 is a transformational moment for MOONHUB. In the past few years, we’ve worked towards this moment, to become the recognised leader in immersive training, working with global brands that want to support their teams’ development through the use of exciting new technologies.
‘Following this investment, we’re supercharging our growth as a business to further establish ourselves across various sectors, from insurance to security. and social care with our ELARA product. Our dementia care VR training has a 98% approval rating with countless examples of how our training has made professionals feel more valued, connected, and prepared, and the families of care patients being more reassured that their loved ones are in safe hands. It’s this type of feedback that inspires our team as we continue to show people the power of immersive learning.’
As well as helping the social care sector, the likes of Just Eat, Amazon, Warner Brothers, and homecare provider Anglian Care, are all working with the London-based business to support their workforces.
Nora Bavey, founder and general partner at Unconventional Ventures added: ‘Investing in MOONHUB was a clear choice for us as impact investors, driven by the urgent need to close the skills gap and recognising its significant social impact.
‘The potential impact of VR technology on the global economy solidifies our belief in MOONHUB’s role as a transformative force in the training industry, especially in sectors like healthcare. By democratising access to high-quality education and bridging geographical barriers, MOONHUB contributes to greater inclusion and opportunities for individuals from all backgrounds, empowers workers with new skills and enhances their employability.’
Image: MOONHUB
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