Eight Roads Ventures invests $20m in Fuse Universal

The funding will be used to expand the firm geographically, and further develop its technology. It will also boost its charity arm FuseSchool, which delivers free educational content to children. Eight Roads partner Michael Treskow will join the Fuse board.

The deal is Eight Roads' third investment of 2018 following a $28m funding round for data platform Duco (alongside several other investors) and a £40m round for Made.com (with Level Equity and Partech Ventures).

It closed its fund Eight Roads Ventures III in March 2018 on its target of $375m.

Previous funding
Fuse received $10m from Education Growth Partners in a series-A in June 2015.

Company
Launched in 2011 in Shoreditch, London, Fuse's learning platform allows firms to create and share relevant internal and external content among employees. Its customers include Merck, EY, Spotify and Vodafone.

In the year to June 2017, the company's licence revenue was £2.6m, a 72% increase on the previous 12 months.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Support services
• Technology
• United Kingdom
• Venture