Vantage Point, a VR training platform for harassment and bias, has closed its seed funding round. No financial terms were disclosed. Vantage Point’s clients include Fortune 500 companies, public companies and startups.
LOS ANGELES (May 7, 2020) – Vantage Point, the leading VR training platform for Harassment and Bias, is gaining traction despite COVID-19: Vantage Point closed it’s Seed funding round last week, has evolved to meet companies in the brave new Wide World of ‘WFH’, and continues to expand its client base through the pandemic.
Vantage Point’s clientele include Fortune 500s, Public Companies, and Startups, with well-known names like OECD, Kuehne & Nagel, and Google. .0006% of VC funding goes towards Black Women. Vantage Point’s founder, a solo minority female founder, is one of the only 2 dozen black women to have raised over $1M in funding.
Vantage Point’s founder, Morgan Mercer, has raised ~$4M in 1.5 years, including the new Seed funding round they just closed last week.
Vantage Point’s newest investors in this round include the Trilogy Founding Team (exited to 2U for $250M in 2019), HTC, George Hornig (former COO of Deutsche Bank, Credit Suisse) amongst a roster of other impressive names.
Vantage Point’s existing investors include Village Global (LPs include Mark Zuckerberg, Jeff Bezos, and Mike Bloomberg), Josh Resnic (sold Pandemic to EA Games for $900M), and others. Vantage Point’s newest advisors include Melinda Wolfe, the former CHRO and CDO of Pearson, Bloomberg, GLG, and more.
Vantage Point’s training program boasts impressive statistics, such as:
72% of Trainees vote 5/5:
“Vantage Point’s training was more effective than the Harassment Training I had in the past.”
76% of Trainees vote 5/5:
“My ability to (1) identify, (2) understand, and (3) support a colleague has improved.”
Vantage Point recently rolled out a distributed VR training model for remote teams. In light of COVID-19, Mercer is “unwavering in her commitment to bring the most effective formats of training to the brave new Wide World of ‘WFH’”. Mercer sees that this remains a priority to companies, and sees many new business opportunities in the face of COVID-19, both on the partnership side and on the customer side.
ABOUT VANTAGE POINT Vantage Point is the leading Immersive Training Platform for Soft Skills leveraging Virtual Reality to best address the complex issues of harassment, and diversity, equity and inclusion by building empathy, training through experience and delivering unparalleled Data and Analytics to assess risk areas. Vantage Point was founded under the belief that while technology can cause apathy, immersive technology can drive empathy and fundamentally make the world more human. Vantage Point was founded in 2017 by Morgan Mercer. Mercer is a bi-racial female raised in the south of the United States. Mercer had to come face to face with her own bias (bias that she thought she didn’t have due to her upbringing) early on in life. Mercer later discovered that when it came to negative interpersonal interactions, most people can’t identify intervention points early enough, and don’t know what to do when they’ve recognized an opportunity to intervene. Mercer realized that society lacked proper education and training around these topics. Mercer, realizing the power Virtual Reality (VR) could have in re-shaping the way the topic is approached and recognizing the level of empowerment individuals could be given through training with the medium, decided to start Vantage Poin