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EMERGING and Promethean raised $300 million for The Experience Fund (XPR) aimed at investing in hospitality AI and automation platforms, led by partners Mathew Focht and Michael Burt.

PRIVATEAug 14, 2026•about 6 hours ago

Amount Raised

$300 Million

Round Type

Venture - Series Unknown

SeattleSoftwareEducation

Description

EMERGING and Promethean launched The Experience Fund (XPR) on August 14, 2026, with a $300 million vehicle. The fund will target investments in AI, IP holdings, and automation for the hospitality sector. The initiative formalizes a six-year collaboration between the two firms, blending their expertise in the experience economy. The fund aims to leverage distribution before diligence, providing early market access to prospective portfolio companies.

Company Information

Company

Promethean

Location

Seattle, Washington, United States

About

Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England, more than 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire—designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington, and offices worldwide, Promethean is a subsidiary of the NetDragon Websoft Holdings Limited (HKSE: 0777) group of companies. Visit us at PrometheanWorld.com. ©2023 Promethean. All Rights Reserved. Promethean, the Promethean logo, ActivPanel, ActivSync, ActivInspire, ActivConnect, ActivSound, ClassFlow, ActivPen, and Vellum are trademarks or registered trademarks of Promethean Limited in the United Kingdom, United States, and other countries around the world. All other product and company names are trademarks or registered trademarks of their respective holders. Unless specifically identified as such, Promethean's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between Promethean and the owners of these trademarks. SOURCE Promethean

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