The Surry Hills-based company has received an Accelerating Growth Loan from Jobs for NSW to build its marketing and sales capacity and capitalise on what it says is a global opportunity.
Momentum Cloud already has a significant presence in NSW with its Goalhub online learning management platform now in 500 schools, two universities and a number of government agencies, including the Department of Family and Community Services and Department of Education.
Momentum Cloud co-founder Aaron Hughes said Jobs for NSW had been extremely helpful in supporting the company and he was confident about its growth prospects.
“In the next six months we will look to expand the use of Goalhub by small to medium enterprises, schools and government organisations across Australia and in the US and the UK.”
Accelerating Growth Loans are direct loans from Jobs for NSW for emerging fast-growth SMEs that are scaling quickly and creating jobs in NSW.
Hughes said he started the company to provide markets with “innovative, research-backed tools to support learning and performance management on a cloud platform”.
“We wanted to provide a new level of thinking and a more modern suite of tools for schools and we have been evolving our platform to arrive at the goal-based coaching and mentoring platform.
“Goalhub now supports all organisations to align their organisational purpose and goals with an individual’s goals while empowering the individual to achieve their best.”