Boston, MA, April 07, 2017 --(PR.com
)-- HT2 Labs’ products include Learning Locker, the Open Source Learning Record Store, and Curatr, the Social Learning Platform. Using big data and large-scale text analytics, these systems create powerful online learning environments that allow organizations to measure the extent of behavior change achieved during learning programs.
As a leader in its field, Learning Locker was recognized as the leading Open Source innovation at the 2016 MongoDB Innovation Awards. Curatr is used by HR specialists to create onboarding and leadership programs through a social learning environment. It has been used by organizations such as Xerox, AstraZeneca and InterContinental Hotel Group.
The Series A round has been led by City & Guilds Group's New Venture Fund who will invest an undisclosed cash amount immediately, with a commitment to further growth funding in the near future, for a minority equity stake. HT2 Labs will use the funding to bring intelligent, informal learning to mainstream corporate use through a new product, Red Panda, and to expand operations in the USA and UK.
Ben Betts, CEO of HT2 Labs, says that job creation will be a major feature of the investment plan: "The success and growth of our products has attracted a great deal of investor attention, but it has been with the team at the New Venture Fund that we’ve seen the greatest synergies. We stand to inherit a range of wonderful secondary benefits from working with the City & Guilds Group. We will expand our UK headquarters in Oxford, from 15 to more than 30 people over the next 18 months, whilst also doubling down on our new US office in Boston, which has been a great success for us since opening in January."
John Yates, New Ventures Director, City & Guilds Group added: "City & Guilds Group colleagues have been working with HT2 Labs for some time. We share a common real-life research agenda to create solutions that businesses need to improve the performance of their staff and teams. We’re delighted to be able to formalise our collaboration."