Totem Learning raises more than £50k from Midven and private backers to fund new training tools.
Midven led the investment round with backing from existing private investors to support new product development.
Share allotment filed at Companies House
Totem Learning develops immersive online learning tools and personal development solutions for training providers. The Coventry based business creates serious games that replicate real world business situations for corporate training.
Totem Learning has secured more than £50k in investment to support the development of its next release of online learning tools. Birmingham based Midven provided over £25k through its Early Advantage fund, alongside backing from existing private investors.
The Coventry based company evolved from the gaming sector to build professional training software that replicates real world business scenarios. The fresh capital will fund new product ideas and subsequent training modules following the recent launch of a leadership skills training game.
Midven stated that it had monitored Totem Learning for some time before backing the firm to capitalise on shifting corporate training demands.
From the founder
"We have a good business employing some very talented software developers, who really know how to produce online training tools that replicate real world business situations. We have just released an exciting new leadership skills training game which is generating some great reviews from both training providers and business users and now with this additional money we can continue with our next training modules"
Richard Smith
Managing Director at Totem Learning
Investor perspective
"We’ve followed Totem Learning for some time and have seen the progress they have made; we can see the shift in how companies want to deliver inspiring training to their staff and feel the time was right to make an investment into this growth sector and in a company with plenty of potential."
Gio Finocchio
Investment Director, Midven
Use of funds
- 01Continue product development
Investors
Categories
About the company
Totem Learning
Totem Learning builds immersive online learning tools and serious games for professional training.