Hone Raises $30M Series B to Expand Its Enterprise Learning Platform

Hone, the leading human skills training platform for the enterprise, recently announced that it has raised $30 million in a Series B funding round led by 3L Capital, bringing the total raised to $52.4 million.

Invus Opportunities and previous investors F-Prime Capital, Cowboy Ventures, NextGen Venture Partners, Slack Fund, Semper Virens and Sift Ventures also participated in the round, according to a press release provided by the company.

Hone democratizes access to executive quality training across the enterprise. It offers expert-led small group training, research-backed curriculum and student assessment – all in one scalable platform. Hone combines live instruction with the power of technology to create a next-generation learning experience that drives behavioral change around leadership and development, DEI, well-being and more. The company has trained employees at organizations as wide-ranging as Indeed, ConocoPhillips, Pacific Sunwear, Allscripts, TomTom and Aramark.

Anton Zietsman, partner at 3L Capital, said,

“Coming out of the COVID-19 pandemic, the shift to hybrid work is driving a huge market for corporate learning, development and training online. With its focus on live, virtual and small group classes led by world-class trainers, Hone is well-positioned to take share from legacy vendors who built their businesses on in-person programs. Led by an experienced founding and executive team, we believe Hone has the potential to become a deeply embedded and holistic solution for the learning needs of the modern enterprise.”

Hone claims to be the only learning and development (L&D) platform that offers live instructor-led online training courses to enterprise-level teams – allowing participants to not only learn people skills taught by domain experts, but also benefit from peer-to-peer discussions , real-time practice, social empowerment and measurable change. While it would typically cost in the range of $1,000 to $2,000 per student when a business hires in-person training, Hone claims it delivers the same learning effect at 40% of that cost.

Recognizing that talent development is a key component of a strategy to retain top performers and attract new hires, Hone has invested nearly $10 million in content production, creating one of the world’s largest libraries of interactive live lectures in all aspects of human skills training. With a current catalog of over 60 lectures and 500 lectures to date on Diversity, Equality, Inclusion and Belonging (DEIB) alone, Hone focuses on whole-person skills, which also include mental health and wellbeing, management and individual performance.

Commenting on the development, Tom Griffiths, CEO and co-founder of Hone, said,

“We are thrilled to partner with new and existing investors to further pursue our mission to reinvent corporate training for the modern workplace. With 41% of workers who quit indicating they did so due to a lack of growth and development opportunities, investing in learning signals that a company is committed to the success and development of its people, while helping the organization achieve its goals.”

Hone uses continuous learning and assessment tools to ensure measurable, lasting behavior change, with over 90% of participants showing measurable improvement and sustained behavior change. To date, the company has delivered 55,000 student hours, taught 15,000 students and facilitated 4,700 live online classes. Hone’s most popular courses include Giving Feedback That Impacts, Building High-Trust Relationships, Creating a Culture of Belonging, and Leading Highly Effective 1:1 Relationships.

The company plans to use the funds to expand its platform to deliver more impactful learning experiences, help students apply their training every day, improve measurement of outcomes and ROI, and empower administrators with more powerful and flexible tools. The company said it will expand its course catalog by enhancing core programming across its five content verticals, including management, DEIB, team dynamics, individual performance and wellness. In addition, Hone plans to build its community by providing rich learning content for L&D leaders and hosting virtual and in-person events.

about the author

Author: Stjepan Soulunii

Stjepan Soulunii

I’m not a student anymore, but I like to learn. He is not a teacher, but he cares about how students are taught. I’m not an educator, but I want everyone to be educated. I’m not a social worker, but I want to see change. I am not a reformer, but I always want to see a better world. The author believes that only healthy education can bring a better future, a better world, and technology can help achieve a lot in this field.

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