Coder School, a startup of an online coding school based in Ho Chi Minh City, Vietnam, today announced $ 2.6 million in pre-Series A funding to scale up its online coding school platform.
The round was led by Monk’s Hill Ventures and was attended by repeater seed investors Iterative, XA Network and iSeed Ventures. CoderSchool hosted a seed round led by TRIVE Ventures in 2018.
CoderSchool will use this money to accelerate the growth of online education platforms and the expansion of its technical infrastructure for its technical education program that guarantees employment at the time of graduation.
Founded in 2015 by former software engineers Charles Lee and Harley Trung, the company moved from offline to online in early 2020, providing high-quality technical training to everyone everywhere. After switching to a fully online learning program, the company said in a statement that it recorded 100% quarterly growth with fully online registration.
“Coding is the future. At CoderSchool, we believe that everyone in Southeast Asia deserves the opportunity to be part of that future,” said Lee, co-founder and CEO of the company.
In Vietnam, the demand for IT talent is increasing by 47% annually, but the supply is increasing by only 8% year-on-year.
“The need for strong engineers and developers in Southeast Asia has never been greater. Related As technology companies and digital businesses grow, as they do today, “said Michele Daoud, a partner at Monk’s Hill Ventures. “I was impressed by the team’s focus on setting standards for coding education in the region. In partnership with CoderSchool, opportunities and access to millions of aspiring students in Vietnam We are happy to offer both. “
According to Lee, given the strong demand for engineers in Vietnam, the domestic market size is estimated to be between $ 100 million and $ 200 million, yet it is increasing every year. Coder School has focused on Vietnam for the past six years, but plans to enter the global market following the next round without providing an accurate schedule, Lee said.
Offering full-stack web development, machine learning, and data science courses at low cost, Coder School has trained more than 2,000 graduates and has recorded over 80% employment rates for full-time graduates. BOSCHE, Microsoft, Lazada, Shopee, FE Credit, FPT Software, Sendo, Tiki, Momo, etc.
CorderSchool’s online program allows students to interact with instructors and classmates before, during, and after scheduled class sessions using human-led learning strategies. Coder School currently has 15 educational staff and plans to hire 35 additional instructors by the fourth quarter of 2022.
CoderSchool’s data analysis improved the performance of individual students, while CoderSchool expanded the size of the classroom to a peak in data science class enrollment.
Vietnam-based CoderSchool gets $2.6M pre-Series A to scale online course platform – TechCrunch Source link Vietnam-based CoderSchool gets $2.6M pre-Series A to scale online course platform – TechCrunch