This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media.
Accept
EdTechReviewEdTechReview
  • News
  • Trends
  • Insight
  • eLearning
  • Research
  • Dictionary
  • EdTech Voices
  • Explore
    • Data & Statistics
    • Reviews
    • AWS for Education
    • Events

    Resources

    • Infographics
    • Reports & Case Studies
    • Videos
    • Books
    • Webinar

    Needs

    • 1:1 Learning
    • 21st Century Education
    • 21st Century Leadership
    • 21st Century Learning
    • 21st Century Teaching
    • 3D Printing
    • More Tags

    For

    • Students
    • Teachers/Educators
    • Administrators
    • Entrepreneurs/Startups
    • Govt. Officials/Policymakers
    • Parents
Contribute
  • Submit A Post
  • EdTech Trainers and Consultants
  • Your Campus EdTech
  • Your EdTech Product
  • Your Feedback
  • Your Love for Us
ETR Resources
  • About
  • Mission/Vision
  • Team
  • Services
  • Testimonials
  • Authors
  • Sponsor
  • Partner
  • Advertise
  • Our Clients
  • Media Kit
  • Press Release
  • FAQ’S
Reading: Indianapolis-based Kenzie Academy Raises $100 Million to Support Student Tuition Financing
Aa
EdTechReviewEdTechReview
Aa
  • News
  • Trends
  • Insight
  • eLearning
  • Reviews
  • Dictionary
  • EdTech Voices
  • Data & Statistics
  • Research
  • AWS for Education
  • Events
  • Voices
  • Tags
  • About
  • Contribute
  • FAQ’S
  • Our Clients
  • Partner
Follow US
Home > News > Indianapolis-based Kenzie Academy Raises $100 Million to Support Student Tuition Financing
News

Indianapolis-based Kenzie Academy Raises $100 Million to Support Student Tuition Financing

Stephen-soulunii
Stephen Soulunii Published Nov 5, 2019
Share
4 Min Read
Indianapolis-based Kenzie Academy Raises 0 Million to Support Student Tuition Financing
Indianapolis-based Kenzie Academy Raises $100 Million to Support Student Tuition Financing
SHARE

Indianapolis-based Kenzie Academy, an online and in-person college alternative that provides job-focused technology training, has secured a $100 million investment from Community Investment Management (CIM), an institutional impact investment manager based in San Francisco.

AdvertisementWhy this Ad?

AdvertisementWhy this Ad?

The company said that the funds will be used to support student tuition financing for its tech and coding programs and expand its learning offerings across the entire country.

Founded in 2017, Kenzie Academy focuses on untapped talent in Middle America and provides job-focused training with affordable financing helping students to propel rewarding careers in technology. Its one-year project-based curriculum is created by industry experts and designed to parallel today’s workplace. The company offers both on campus and online programs in Software Engineering and UX Engineering, training students to develop the hard and soft skills that employers look for at the workplace.

Speaking on the funding, Chok Ooi, CEO and co-founder of Kenzie Academy, highlighted the plight of millions of students who are not able to get high-quality education saying,

“There are millions of Americans who are barred from high-quality post-secondary education because of where they live and their financial situation. And many who are lucky enough to go to college find themselves buried in debt and without a job. This $100 million will level the playing field, enabling deserving individuals, regardless of their background, to access high-quality training that leads to a high-paying job in tech for only $100 upfront. Kenzie will be scaling our online classroom to teach engineering skills to anyone, anywhere, and then find them the types of jobs that will change their lives.”

Kenzie Academy has plans to enrol 10,000 new students in the next three years. To achieve this goal and as part of a long-held effort to pass on savings to students, the company is redesigning its Income Share Agreement program as part of CIM’s investment, lowering both its monthly repayment rate and tuition costs effective immediately and applying to all current students and alumni. The academy now allows students who use an ISA to enrol in the program only start making payments after they graduate and get a job earning $40,000 or more annually.

Lauding Kenzie Academy’s effort to make technology training more accessible to all Americans and for preparing students with the skills to succeed, Jacob Haar, Co-founder and Managing Partner of Community Investment Management, said,

“We are excited to support Kenzie Academy in their mission to make technology training more accessible for all Americans. Kenzie is equipping the talent beyond Silicon Valley to fill the technology jobs of today which are located across the country. This innovative and aligned financing demonstrates Kenzie’s commitment to prepare their graduates with the skills to succeed and offer students from diverse communities and backgrounds the opportunity to pursue technology careers.”

At a time when employers are struggling to find job-ready candidates because of inadequate preparedness and lack of required skills, Kenzie Academy is solving this problem by training untapped talent in Middle America and throughout the US. And with an affordable price point and flexible financing options making education accessible for all, the company is closing the opportunities gap for Americans that have been left behind by today’s economy. The company has enrolled over 400 students to date.

Kenzie has just recently raised a $7.8 million in Series A funding led by Rethink Education with participation from Rise of the Rest, Strada, LearnStart, Peak State Ventures, Flat World Partners, and Kelly Services.

Img Src

TAGGED: EdTech Funding, Employment Skills, Students, Tips for Students, Tools for Students, Tutoring
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link
Stephen-soulunii
Posted by Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
Previous Article Uincept (india) and Mindcet (israel) to Host Global Edtech Festival on Nov 6 UIncept (India) and MindCET (Israel) Hosted Global EdTech Festival on Nov 6
Next Article Award-winning Edtech Startup Nearpod Takes K-12 Student Engagement Software into Higher Education Award-winning Edtech Startup Nearpod Takes K-12 Student Engagement Software into Higher Education
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

Latest Post

Meadow-raises-m-in-seed-round
College Tuition Tracking Platform Meadow Raises $3.5M in Seed Round
News Feb 3, 2023
Coverflex-raises-3m-in-series-a-round
Portuguese Employee Benefits Platform Coverflex Raises $16.3M in Series A Round
News Feb 3, 2023
Education-stakeholders-reacting-to-the-union-budget
How Are Education Stakeholders Reacting to the Union Budget
Insight Feb 3, 2023
Timespro-partners-with-the-job-plus
TimesPro Partners With The Job Plus to Offer Certificate Programme in Hotel, Hospitality Management
News Feb 2, 2023
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

You Might Also Like

Meadow-raises-m-in-seed-round
News

College Tuition Tracking Platform Meadow Raises $3.5M in Seed Round

Feb 3, 2023
Coverflex-raises-3m-in-series-a-round
News

Portuguese Employee Benefits Platform Coverflex Raises $16.3M in Series A Round

Feb 3, 2023
Timespro-partners-with-the-job-plus
News

TimesPro Partners With The Job Plus to Offer Certificate Programme in Hotel, Hospitality Management

Feb 2, 2023
Saarthi-pedagogy-raises-inr-10-cr
News

B2B-Focused EdTech Startup Saarthi Pedagogy Raises INR 10 Cr, Closes Pre-Series A Round

Feb 1, 2023
Udemy-business-launches-courses-in-hindi
News

Udemy Business Launches Courses in Hindi for Skill Development Opportunities in India

Feb 1, 2023
Prisms Vr Raises .5m Series a to Accelerate Math Literacy
News

Prisms VR Raises $12.5M Series A to Accelerate Math Literacy

Jan 31, 2023
Moat-school-raises-pre-series-a-round
News

Bengaluru-Based Upskilling Startup Moat School Raises Pre-Series A Round

Jan 31, 2023
What is Chatgpt What is Its Application in Education
Trends

What is ChatGPT? What is its Applications in Education?

Jan 31, 2023
Show More
EdTechReviewEdTechReview

H433, 2nd Floor, Vikaspuri, New Delhi, India, 110018
Phone: 011 41321030

Follow US

Copyright © EdTechReview. All Rights Reserved.

  • Home
  • Advertise
  • Event Associations
  • Press Release
  • About
  • Services
  • Contribute
  • News
  • Trend & Insight
  • Data & Statistics
  • eLearning
  • Reviews
  • Research
  • Voices
  • Dictionary
  • Tags
  • Resources
  • Events
  • Courses
  • EdTech Product Reviews
  • Our Clients
  • FAQ’S
  • Contact Us
  • Important Links
  • Sitemap
  • Terms of Use
  • Privacy Policy
Join 100K+ subscribers!

Subscribe to our weekly newsletter that brings the latest EdTech news, trends, insights, reports, interviews, etc. for educators, school leaders, entrepreneurs, investors, & others.

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?