EdTech Metaverse Learning has raised £1.5m in funding, in a deal which values the organisation at £11m.
Ufi Ventures was one of a number of organisations to take part in the round, which will support Metaverse Learning in its work to drive innovation in learning for the education sector.
Metaverse Learning co-creates immersive online learning with industry and education partners. They are specialists in the development of virtual reality, virtual environments, mixed reality and augmented reality for the education and technical training sector.
Metaverse Learning co-founders, Jason Holt CBE and Dr Majid Al-Kader said: “With the backing of UFI Ventures and our investment partners, we will be driving growth across Metaverse Learning.
“This will give us the opportunity to reach new partners, create more programmes across a depth and breadth of subject areas, and most importantly, have a positive impact on learners’ educational experience.”
This investment will be used to develop the new-to-market Assessor Mode feature in Metaverse Learning’s library of immersive training programmes.
This has been created in response to overwhelming feedback from both learners and customers over many years. For the first time, the technology is now available to provide in-programme learner support functionality, making the Assessor Mode a game-changer in EdTech.
To enable this, a totally new platform is being launched, to collect and access learner data. Tutors will be able to deepen their understanding, personalise the learner journey and help their learners to succeed.
Alex Bishop, from Ufi Ventures, said: “Learner engagement and confidence levels within virtual learning environments far exceed more traditional e-learning and classroom settings.
“We are delighted to be supporting Metaverse Learning, as they broaden the programmes they offer, reaching more learners.
“Their approach to building out their rich library of immersive learning scenarios, working directly with educational and industry partners, ensures that the learning content is engaging and relevant for learners as well as cost effective and accessible for learning institutions.”
Metaverse Learning currently works with around 100 partners across the FE sector, industry, associations and employers to deliver a library of immersive virtual environment and virtual reality scenarios, covering a wide range of subject areas.
Each programme is co-created with education and industry partners to fulfil learning needs within each sector.