HyperionDev, the South African tech education firm, has secured a significant investment of R95 million (approximately $5 million) in a new funding round. This latest investment brings the company’s total growth capital to R595 million ($31.1 million). The identity of the investors remains undisclosed, but the startup revealed the participation of 23 backers from various countries.
Founded in 2012, HyperionDev offers specialized, mentored coding bootcamps, both online and on-site, at its campuses. These programmes equip students with job-ready tech skills for careers in the technology sector. The EdTech company takes immense pride in its achievements. It boasts a transformative impact on over 2,000 graduates through its educational offerings. These alumni have not only secured tech jobs across a diverse range of sectors and businesses but have also made a global impact. They are now key players in the fintech sector, working with renowned firms like Chip and Amazon. They have also made their mark in esteemed financial institutions such as GSK and Barclays. Beyond the private sector, HyperionDev alumni have extended their tech expertise to public service, holding positions in government entities like the Home Office, the Department for Work and Pensions, and the National Health Service (NHS).
Speaking on the fundraising, Founder & CEO of HyperionDev, Riaz Moola, said:
This funding marks a significant chapter for HyperionDev. It underscores the critical need for global skills development in today’s digital age.
Moola also underscored the strategic alliances that HyperionDev has forged. These include partnerships with prestigious universities like Stellenbosch University in South Africa and Imperial College London in the UK. He also hinted at upcoming collaborations in North America, France, and Spain. These partnerships, according to Moola, have not only strengthened HyperionDev’s position as a leader in global tech education but also paved the way for future growth and expansion.
Emphasizing their commitment to South Africa, Moola stated:
We actively seek to partner with more universities nationwide and collaborate with the government to strengthen digital skills development and improve employability nationwide.
With this financing round, the company plans to expand into emerging markets and strengthen its position in South Africa and the UK. The funding will further develop HyperionDev’s scholarship programmes and educational offerings, such as the HyperionDev Academy.
