LearnCove Expands US Operations and Raises Expansion Capital from US VC Firm Two Ravens

LearnCove has secured a $813K investment from Seattle-based venture capital firm Two Ravens, marking a significant step in its North American expansion.

Reykjavík, Iceland – September 2, 2024 – LearnCove, a pioneering Icelandic startup specializing in training, compliance and quality management software solutions for regulated industries, is pleased to announce a new North American shareholder, Two Ravens. Their investment marks a pivotal moment in LearnCove’s journey as it continues to expand its innovative solutions into the North American market.

LearnCove has rapidly gained traction as a leader in providing cutting-edge training and compliance software tailored specifically for regulated industries. The company’s solutions are utilized by a majority of the largest seafood companies in Iceland, including Brim, Samherji, Sildarvinnslan, Visir and First Water.

Two Ravens, a Seattle-based venture capital firm, led the $813K round, with participation from existing investors, Founder Ventures, Útgerðarfélag Reykjavíkur, Hilmar Veigar Pétursson and Agnes Guðmundsdóttir. The capital will be used for ongoing product development and market expansion.

“We are excited to welcome Two Ravens as an investor,” said Aðalheiður Hreinsdóttir, CEO of LearnCove.“ Their support and expertise will be invaluable as we continue to grow and establish our presence in North America. This investment not only affirms the potential of our technology but also highlights the importance of innovation in regulated industries on a global scale.”

Two Ravens’ investment will enable LearnCove to accelerate its ongoing expansion in North America, and expand its offerings to meet the unique needs of the North American market.

“LearnCove’s solution sits at the sweet spot at the intersection of training, operations, and compliance,” said Isaac Kato, founder and General Partner of Two Ravens. “At a time when compliance pressures are increasing globally, their innovative platform ensures that companies in regulated food industries meet the rigorous training and operational standards required by their customers and regulators. We are excited to support LearnCove’s expansion into North America and beyond.”

Iceland's seafood and meat processing industries, both highly regulated sectors, are globally renowned for their dedication to sustainability, food quality, and innovation. LearnCove’s success in this demanding environment speaks volumes about the effectiveness and adaptability of its solutions. The investment from Two Ravens is a testament to the company’s vision and potential and will allow it to rapidly expand outside of Iceland.

For more information about LearnCove, visit learncove.com.

About Two Ravens: Two Ravens is a North American early-stage technology venture capital firm focused on supporting extraordinary founders from non-obvious backgrounds. With its deep well of operational and investment experience, Two Ravens works closely with its portfolio companies to maximize their chances of zero-to-one success and to help them secure follow-on capital.

About LearnCove: LearnCove is a unified training, compliance and quality management software tailored to regulated industries. It aims to boost learning and operational efficiency through automated workflows, real-time reporting, and multilingual support in 136 languages. LearnCove’s innovative approach has already earned them a leading position in the Icelandic and European market, with ongoing expansion into North America.

LearnCove Contact:
Aðalheiður Hreinsdóttir
CEO, LearnCove
heida@learncove.com

LearnCove Expands US Operations and Raises Expansion Capital from US VC Firm Two Ravens

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