1Huddle Nabs $3M Series A Round
NEWARK, N.J., 1HUDDLE today announces the closure of its successful Series A fundraising round of $3M.
1HUDDLE, an enterprise software platform that provides next-generation learning and training programs in the form of quick-burst mobile games, today announces the closure of its successful Series A fundraising round of $3M. The round was led by Atlanta-based private equity firm NRD Capital Management, LLC, alongside Newark Venture Partners, an early-stage accelerator and venture fund.
1HUDDLE is the fastest way for companies to onboard and upskill their workforce through innovative game-based training. A mobile-first platform, 1HUDDLE sets the bar in new, innovative technology solutions that address modern day challenges facing both employers and employees.
"As the workforce changes, companies continue to invest in training that fails to address the skill gap faced by today's workforce," said 1HUDDLE Founder and CEO Sam Caucci. "At 1HUDDLE we are getting companies to think beyond the boring learning module and to imagine a world where every day their people are excited, motivated and ultimately ready to work."
1HUDDLE has been widely recognized for its innovative training solutions that increase employee retention, satisfaction and performance - regardless of industry. Clients across the sports, entertainment, financial services, automotive, education, retail, and hospitality sectors trust 1HUDDLE to deploy critical job training programs ranging from products and services to crisis situations.
NRD Capital Management is a private equity fund focused on brands primarily in the restaurant, technology and service/retail industries. The firm owns restaurants including Frisch's Big Boy Restaurants and Fuzzy's Taco Shop. They acquired Ruby Tuesday in late 2017. The firm specializes in both strategic financial and operational growth, and sees 1HUDDLE as a training platform that can be rapidly deployed to businesses, increasing efficiency and effectiveness across companies.
"Competition for talent remains one of the biggest threats to unit economics for the foreseeable future," said Aziz Hashim, NRD Capital Founder and Managing Partner. "NRD is pleased to invest in an innovative platform such as 1HUDDLE, which delivers effective solutions for workforce engagement and can even lower training costs for operators."
For Newark Venture Partners, which is backed by Audible (an Amazon Company) and Prudential Financial, it's yet another bet on Newark-based 1HUDDLE. Managing Partner Dan Borok says, "The stakes for employee training have never been higher, and yet the training solutions in the market haven't developed in lock-step and still include legacy software and paper-based solutions. 1HUDDLE has a built a platform that offers a quality end-user experience combined with reporting and workflow capabilities that drive real ROI through training."
With a rapidly growing global client base, 1HUDDLE is on track to continue its rapid customer base growth while investing in the expansion of its game-based technology platform. For more information about 1HUDDLE, please visit http://www.1huddle.co.
About 1HUDDLE ¨1HUDDLE is a technology-based employee training platform that helps companies more effectively onboard and upskill employees using games. With a mobile-first approach to preparing the modern worker, a library of quick burst employee skill games, and the option for personalized content, 1HUDDLE is changing the way organizations think about their training - from a one-time boring onboarding experience to a continuously used motivation tool. Key clients include ESPN, Audible, Madison Square Garden, Golden State Warriors, Denver International Airport, and Loews Hotels. To learn more about 1HUDDLE and its platform, please visit http://1huddle.co/.
About NRD Capital Management, LLC ¨NRD Capital Management, LLC, founded by Aziz Hashim, is a private equity firm that invests in companies offering superior products/services and compelling unit-level economics. By infusing capital and applying operating expertise, NRD guides its investments towards strategic growth. The fund invests in small to mid-sized brands (franchise and non-franchise), both domestic and international, primarily focusing on restaurants, technologies and service/retail opportunities. Through the NRD Foundation, the firm supports non-profit and for-profit international organizations that create entrepreneurs, foster financial independence, and power academic research focused on franchise entrepreneurship. For additional information, please visit http://www.nrdcapital.com.
About Newark Venture Partners ¨Newark Venture Partners is a new type of venture capital firm. The firm helps innovative entrepreneurs build distinctive technology companies while also catalyzing development in the technology ecosystem in Newark NJ.
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