FRISCO, Texas — June 23, 2020 — Trivie, an adaptive learning platform that helps companies better engage their workforce in knowledge retention and communication, has closed a $5 million Series A investment round led by Cottonwood Venture Partners (“CVP”). Trivie will use the proceeds to increase the distribution of its remote learning technology across energy, manufacturing, hospitality, healthcare, consumer goods, and other industries.
According to recent Gallup data, 62% of Americans are working from home during the coronavirus pandemic. More than ever, companies need to understand what their employees know and do not know and to ensure that training and communication is retained. Effectively implementing this information flow is extremely difficult and even harder to measure, especially in today’s remote working environment. Trivie solves these unique challenges with a 100% self-service automated knowledge retention platform that can be deployed in minutes.
“At Trivie, our mission is to ensure that every employee at every organization can be at their very best because they remember what you need them to know,” says Lawrence Schwartz, CEO, and Co-founder at Trivie. “We are extremely excited to partner with Cottonwood Venture Partners to help us expand our footprint in the Fortune 1000, and to continue to execute on that mission,” said Schwartz.
Jeremy Arendt, Managing Partner of CVP, added, “The Trivie team’s success to date has been remarkable and we are humbled to partner with them to expand Trivie’s reach as organizations increasingly look to maximize knowledge retention, particularly as it relates to health and safety.”
- Ongoing Assessment: Trivie enables organizations, for the first time, to easily measure what their employees actually know and identify knowledge or skill gaps throughout their workforce.
- Automated Reinforcement: Through the use of brain science, personalization, and gamification, the Trivie platform has proven to significantly increase training retention when utilized just a few times per month, resulting in significantly increased knowledge gains.
- Communication: Trivie enhances corporate communication and employee engagement, whether in the office or remote through various multi-format content, messaging, and survey capabilities. Further, Trivie can then ensure that employees remember that information.
Trivie, the knowledge retention company™, is a unique training and communication platform that helps companies better engage their workforce, automate knowledge retention, and provide insight into what employees know and how they feel. Utilizing cognitive science, adaptive learning, and gamification, Trivie closes the learning and communications loop so companies see sustainable results from their training programs. For more information, please visit http://www.trivie.com.
About Cottonwood Venture Partners
Cottonwood Venture Partners (“CVP”) is an investment firm partnering with technology companies that provide digital solutions for the energy industry. CVP invests in technology companies that have achieved early customer adoption and require capital to accelerate growth. CVP leverages its expertise and relationships in energy and technology to help drive growth at its portfolio companies. For more information, please visit http://www.cottonwoodvp.com.