Spanish global tech school offering full time and part-time courses in Web Development and UX/UI design, Ironhack secured US$ 20 million in a Series B round on 20 January 2021.
Investors: The Series B was led by Lumos Capital, with participation from Endeavor’s Catalyst Fund and existing investors including Brighteye and Creas.
Purpose of the funding: Ironhack will utilize the funding for the expansion of its corporate training and development programs, including talent acquisition and re-skilling. The company also plans to increase its investment in remote learning and provide students with greater access to world-class education in tech and exciting career opportunities.
Founded in 2013 by Ariel Quinones and Gonzalo Manrique, Ironhack is an international tech and design school offering intensive bootcamps and immersive courses in Web Development, UX/UI Design, Data Analytics and Cybersecurity. It believes that the best way to learn how to do something is by actually doing it.
Ironhack provides remote learning options and campus locations in Paris, Mexico, Berlin, Amsterdam, São Paulo, Madrid, Barcelona, Miami and Lisbon. It helps companies to hire, train and retain top tech talent. It has graduated more than 8000 students since 2013 and helped brands like Microsoft, Visa, Capgemini, Siemens and Santander hire top-notch talent. The competition for top tech talent has been accelerating rapidly, which has helped in Ironhack’s growth and expansion. With a portion of the latest funding, Ironhack is going to introduce new courses and program offerings.
What the founders have to say: “This round and our successful student outcomes demonstrate the opportunity to upskill and empower tech talent the world over. Our new investors bring tremendous education technology and global impact experience, both of which will enable our continued geographic expansion. We will become the leaders in tech education for a remote workforce by helping companies and governments across the globe acquire and re-skill tech talent, as we’ve done with partners like Banco Santander and Media Markt, to name a few. With the launch of remote learning and new program offerings, including our Cybersecurity curriculum, we’re eager and optimistic for what the future holds,” said co-founder Gonzalo Manrique.
“We believe that practical skills training, a supportive global community and career development programs can give everyone, regardless of their education or employment history, the ability to write their stories through technology,” said Ariel Quiñones.
What the investors have to say: “Ironhack has proven itself as a leading global brand in digital skills training across geographies that have growing labour needs. Ironhack’s outcomes-focused educational model, its deepening capabilities in remote and enterprise learning, and the market’s continuing shift to alternative forms of career preparation and professional development have positioned the company for both tremendous growth and social impact.,” said James Tieng, Managing Partner and Co-Founder of Lumos Capital Group.
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