Success! You're on the list.

Success! You're on the list.

Edtech Microverse scores additional $4M to help developers learn coding online

Microverse Team
Image credits: Microverse

Microverse, an edtech startup headquartered in San Francisco has scored a $4 million extension to its Series A round, which takes the total funding raised by the round to $16.5 million. The additional investment came from existing investors Northzone (which backed Wagestream and Distribusion among others), General Catalyst, All Iron Ventures and business angels, Rubio Impact Ventures, and new investor True Equity, an arm of leading executive recruitment firm True Search.

Scale up plans on cards

The new funding has more than doubled Microverse’s valuation and will enable them to keep building on their mission of connecting international talent to job opportunities worldwide. The investment will also allow the company to continue to scale and meet soaring demand. In addition, the edtech startup expects to double its team over the next 18 months to continue helping unlock more of the world’s untapped potential.

Ariel Camus, Founder and CEO of Microverse, said: “This extension to our Series A validates the progress we’ve been making in helping to build a skilled workforce that is ready to tackle the challenges the job market is currently facing, such as the talent shortage. Our mission is to provide the world’s untapped talent with high-quality education and match them with companies in desperate need of digital talent. We want a million people from developing countries to be part of the global remote workforce by 2030.”

Hugh J. O’Donnell, Managing Partner at True Equity, commented: “True Equity invests in companies that want deep relationships with top leadership talent. Ariel and the team at Microverse recognise the critical role talent plays in company growth and we’re excited to partner with them on this journey.”

Focuses on remote software developers

Founded by Ariel Camus in 2017 in San Francisco, Microverse is an online school for remote software developers where students pay nothing until they land a life-changing job. Microverse links students across the globe, with a focus on developing countries, by bringing together skills and opportunities in the fast-growing technology sector.

It teaches students to code through collaborative, cohort-based learning and offers a curated curriculum tailored to prepare them for the world of remote and international work. Africa and Latin America make up 75 percent of the students.

The company believes that the place where people in should not determine their opportunities in life. It provides access to global opportunities by offering world-class education. Its business model is explicitly designed to support students to learn as part of distributed teams working remotely, with over 90 percent of the job offers received by its students being for remote roles.

In the last year, the edtech startup saw the number of applicants to its program surge from 10,000 to 30,000 every month. So far, over 1,500 students from over 140 countries have gone through the program, which has a job placement rate of over 90 percent within six months. In addition, graduates received an average salary increase of 300 percent once they complete their studies. Microverse’s alumni have been recruited by Deloitte, HSBC and Microsoft among others.

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you