Training Platform Company Hone Raises $2.75 Million

By Annie Baker ● April 21, 2020
  • Hone, a popular training platform for modern teams, announced it raised a $2.75 million seed extension round

Hone, a popular training platform for modern teams, announced it raised a $2.75 million seed extension round. Including this round, the company has raised a total of $6.4 million.

Firework Ventures and NextGen Venture Partners are new investors in this round. And existing investors Cowboy Ventures, Harrison Metal, Slack Fund, and Reach Capital also participated.

With this round of funding, Hone will be expanding its platform and develop programs to meet the rising demand from companies that are increasingly distributed.

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. And the hybrid humans-plus-technology approach delivers the most effective remote leadership, management, and people skills training in the market. The company’s customers include GoFundMe, Rosetta Stone, Casper, World Remit, and Dashlane.

Hone works as a cost-efficient and complete workplace training platform that cultivates effective leadership, management, and people skills. And live workshops, measurable impact, and frictionless rollouts make Hone an ideal platform to scale remote training. Hone targets over half of U.S. workers now in remote environments to continue to train, grow and adapt regardless of location.

Key Quotes:

“We are seeing 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. 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.”

-Tom Griffiths, CEO and co-founder of Hone

“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. We are proud to continue to back Hone to help team members learn and thrive in the rapidly changing work environment.” 

-Aileen Lee, Managing Partner at Cowboy Ventures

“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. 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.”

-Jon Bassett, Managing Partner at NextGen Venture Partners