Motive.io, the immersive training platform for enterprise, secures significant seed capital to fund the growth of its industry-leading platform. The seed round was led by Toronto-based venture capital firm N49P along with several Vancouver-based angel investors. This equity financing will allow Motive to deepen its Engineering, Sales, and Customer Success investments to better serve Motive’s growing roster of Fortune 500 customers.
“Adult education and corporate training has seen very little innovation since the advent of the internet. While traditional methods are known to offer a predictable, modest ROI, it’s now a well-established science-fact that virtual reality style training offers vastly superior learning outcomes – including measurably higher retention, engagement, and satisfaction. This seed investment serves as great validation of Motive’s transformative technology, and will help us expand our industry-leading platform, and provide our growing list of customers with an unprecedented level of support,” said Ryan Chapman, CEO of Motive.
The company intends to use the funds to accelerate its Engineering, Sales, and Customer Success investments.
Announcement: Motive.io Raises Seed Funding