Irish education technology company Code Institute, which offers online coding education, has raised €1.2 million in a new funding round to fuel its international expansion plan.
The round was led by Kernel Capital, through the Bank of Ireland Kernel Capital Growth Funds, and Infinity Capital. It is said that with the investment, Cyril McGuire, Chief Executive of Infinity, and Orla Rimmington, partner in Kernel, will join as the board of directors in the company.
Founded by Irish businessman Anthony Quigley in 2015, Code Institute offers online coding courses to global learners, including the staff of multinationals, through distance learning. It claims to be the only university credit-rated coding bootcamp in Europe. Code Institute works with businesses, universities and governments to enhance digital literacy and upskill non technical employees to software engineers.
Code Institute claims its courses as a passport to the tech industry. It offers both Part-Time and Full-Time Diploma in Software Development through remote learning. While Part-Time course is for one year, Full-Time is of intensive 16 weeks. Through its courses, learners develop competencies in front-end, back-end, and full-stack development while working on real, business-centred projects online.
Highlighting what it plans to utilize the fresh funds, Jim Cassidy, Chief Executive of Code Institute, said: “We are hungry to accelerate our European expansion, and the investment will enable us to fuel our vision.”
The Dublin-based company offers flexible online learning platform, personalized schedule and support, dedicated tutoring time, career advice and support, finance options, helps learners find a job, and more. With over 100 global hiring partnerships in place, the company’s team of in-house recruiters helps all its developers to secure jobs.
Code Institute’s customers include global companies such as BT, Facebook, Google, Hubspot and others. Currently, the company is operating in four European markets, as well as the US, Canada and Singapore. With the new funding, it plans to further expand its operation in the European and other international markets. Needless to mention, the company is also backed by the State through Enterprise Ireland, which designated it as one of its high performing startups.
