hundo raises £1.5m in a seed round led by Ascension VC to expand its metaverse platform
Ascension VC led the seed round to support the expansion of the social impact platform.
hundo is a social impact business that connects young talent with employers through a metaverse platform and early talent acquisition model. The company aims to bridge the gap between education and employment for Gen Z.
hundo has secured £1.5m in seed funding to expand its operations and scale its platform. The investment round was led by Ascension VC, with participation from Moscar Capital, Outlier Ventures, and several angel investors. The capital will be deployed to accelerate the development of its metaverse education technology platform and increase employment opportunities for young people.
The London-based enterprise has previously partnered with major employers such as Reed Global and BUPA. Following this injection of capital, the firm intends to prepare for a Series A fundraising round in 2022.
From the founder
"At the heart of hundo is a belief that it is possible to scale an agile solution that empowers young people to own their future through decent, paid employment that is the basic foundation for them to build their lives from. Ultimately, young people will be able to learn, work and earn online through the hundo platform wherever they are in the world."
Esther O’Callaghan
Co-founder at hundo
Investor perspective
"hundo has developed a market leading solution to support young people achieve full-time employment. The hundo team are exceptional, mission driven and have shown strong execution in developing the platform. We are excited to be leading this investment round from our Fair by Design Fund, which supports businesses aiming to alleviate the Poverty Premium (the extra cost of being poor)."
Sam Marchant
Ascension
Use of funds
- 01Scale operations
