Burges Salmon has advised Gemba, a London-based provider of a Virtual Reality (VR) workforce learning platform, on its $18 million fundraising.
Through its proprietary VR offering combining software, content, and service, Gemba helps global enterprises seeking to train distributed workforces across multiple sites through highly immersive learning programmes, simulated factory walks, and live training events. Gemba is the go-to learning platform for a number of global companies, including Philips, Pfizer, Nike, Coca-Cola, Caterpillar, Johnson & Johnson and Dell.
New York investor Parkway Venture Capital has backed Gemba’s vision with an $18 million Series A investment, valuing Gemba at $60 million. With the backing of Parkway, Gemba will continue its mission to make the ultimate training tool for the 21st-century enterprise.
The investment will accelerate the growth and help fund Gemba’s expansion into North America, where it aims to hire people responsibly, train them exceptionally and further research to push the boundaries of what can be done in the Metaverse.
Burges Salmon is highly engaged in cutting-edge technology, advising on the latest technologies and their real-world market application. The firm advises technology businesses as they innovate, grow and defend their position, covering the full range of existing and emerging technologies and technology solutions.
The Burges Salmon team advising on the deal was led by partner Richard Spink, alongside associates Niall Mackle and Chris Doherty, all from the firm’s Corporate team.
Richard Spink comments: “We’re really pleased to have advised Gemba on this milestone fundraising. It’s a hugely exciting development in the growth of the business in its efforts to assist global enterprises to train workforces through highly immersive learning programmes. Through advising on the latest technologies, we help clients deliver innovative and flexible business models that are revolutionising the way technology is delivered and consumed.”
Nathan Robinson, CEO of Gemba, adds: “We are grateful to Richard, Niall and Chris for the support they provided throughout this significant transaction. They were really responsive and pragmatic, helping us navigate through the complexities of a major investment round. Gemba is an impactful solution to the biggest challenge faced by transformational leaders and this milestone funding is vital in order to propel the company forwards.”