Coding Dojo, a global education technology company, announced that it has raised $10 million in a non-dilutive venture debt financing from Eastward Capital Partners.
The fresh capital will accelerate the growth of Coding Dojo and support several initiatives, including key feature enhancements to its proprietary learning management system, accelerating the organization’s international expansion, and continued improvements to its curricula and learning science.
Co-founded in 2013 by Richard Wang and Michael Choi, Coding Dojo offers a three-full-stack computer programming bootcamp, as well as courses on Data Science, Cybersecurity, and other emerging technologies. The innovative curriculum and Learning Management System are designed to train students to become self-sufficient developers, regardless of their technical background. The company’s vision is to become the digital literacy school of the world by democratizing and proliferating in-demand 21st Century digital skills for all.
In addition to its B2C business, Coding Dojo also provides turnkey Bootcamp as a Service solutions to its B2B partners through corporate training, franchisees, as well as licensing their platform to businesses, governments, colleges, and more. It currently operates in 11 countries via these partnerships and will leverage this funding to continue expanding into more than 24 countries worldwide by the end of 2022.
Commenting on the funding, Co-founder & CEO of Coding Dojo, Richard Wang, said in a statement:
“While talent is evenly distributed, opportunities are not. Everything we do is aimed at minimizing the economic divide caused by access to affordable, quality technical education. This new capital will fund Coding Dojo’s high growth initiatives, enabling both ourselves and partner institutions to further expand digital literacy around the globe.”
The startup’s mission is to train students to become self-sufficient tech professionals, support underserved communities, and increase diversity in the tech industry.
Based in Bellevue, Coding Dojo has experienced more than 100% year-over-year topline growth within the last two years due to the Learn Platform’s ability to drive workforce development at scale and rapidly train students on in-demand tech skills. To bolster its continued expansion, the company will be refining its patent-pending Skills Assessment, as well as creating new learning science algorithms, learner archetype profiles, and customized content for the various archetypes with the help of this new funding.
