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Hone Closes Seed Extension Round after raising $2.75 Million

By HR Tech Outlook | Monday, April 27, 2020

Hone is a cost-efficient, complete workplace training platform that nurtures effective leadership, management, and people skills. Live workshops, measurable impact, and frictionless rollouts make Hone the ideal platform to scale remote training

Fremont, CA: Hone, the reimagined training platform for new teams, raised $2.75 million seed extension round, bringing total funding the firm raised to-date to $6.4 million. With this fresh round of funding, Hone has brought on Firework Ventures and NextGen Venture Partners as its new investors. Existing investors Cowboy Ventures, Harrison Metal, Slack Fund, and Reach Capital have also participated. Hone will use the proceeds from the round to expand its platform and develop programs to meet the ever increasing demand from companies belonging to a wide variety of sectors.

Co-founded by Tom Griffiths, the former co-founder of FanDuel, and Savina Perez, previously at CultureIQ, Hone combines research-backed, live online classes led by expert executive coaches with a unique technology platform to reinforce and measure training's impact at scale. 

Top 10 Talent Management Companies - 2018"We see significant demand for our radically new and improved way for businesses to experience learning, development, and leadership training, and we're thrilled to get a boost from returning and new investors at this crucial time," said Tom Griffiths, CEO and co-founder of Hone. "Organizations may have been forced to go remote, but the challenge of creating effective leaders, managers, and employees endures, and in fact, has never been more important."

Hone is a cost-efficient, complete workplace training platform that nurtures effective leadership, management, and people skills. Live workshops, measurable impact, and frictionless rollouts make Hone the ideal platform to scale remote training. Hone targets more than half of U.S. workers now in remote environments to continue to train, grow, and adapt, regardless of their location.

"Our clients and investors understand Hone's power to transform the workplace for the better," said Co-Founder Savina Perez. "Our vision is to democratize access to training, optimizing for the needs of today's workforce, and we have the right combination of technology and team to make that vision a reality."

"Many of us have painful recollections of unengaging, old-school, classroom-based training classes. Hone has built a modern, highly engaging, digitally-integrated solution that works beautifully for today's distributed team members," said Aileen Lee, Managing Partner at Cowboy Ventures. "We are proud to continue to back Hone to help team members learn and thrive in the rapidly changing work environment."

"We are excited to partner with Hone as the world's leading businesses transition to synchronous video experiences during this period of COVID-19 and beyond," said Jon Bassett, Managing Partner at NextGen Venture Partners. "Hone is the clear leader for manager learning and development. We've heard from new and existing customers who are increasing utilization of Hone's platform because they see huge gains over traditional methods like on-site and video training."

See also: Top HR Tech Companies

 

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