Miami-based Ironhack raises $20 million for its coding bootcamps as demand for coders continues
Ironhack, a company offering programming bootcamps across Europe and North and South America, has raised $20 million in its latest round of funding.
The Miami-based company (with locations in Amsterdam, Barcelona, Berlin, Lisbon, Madrid, Mexico City, Miami, Paris and Sao Paulo) said it will use the money to build out more virtual offerings to complement the company's campuses.
Over the next five years, 13 million jobs will be added to the tech industry in the U.S., according to Ironhack co-founder Ariel Quinones. That's in addition to another 20 million jobs that Quinones expects to come from the growth of the technology sector in the EU.
Ironhack isn't the only bootcamp to benefit from this growth. Last year, Lambda School raised $74 million for its coding education program.
Ironhack raised its latest round from Endeavor Catalyst, a fund that invests in entrepreneurs from emerging and underserved markets; Lumos Capital, which was formed by investors with a long history in education technology; Creas Capital, a Spanish impact investment firm; and Brighteye, a European edtech investor.
Prices for the company's classes vary by country. In the U.S. an Ironhack bootcamp costs $12,000, while that figure is more like $3,000 for classes in Mexico City.
The company offers classes in subjects ranging from web development to UX/UI design, and data analytics to cybersecurity, according to a statement.
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 Quinones.
Since its launch in 2013, the company has graduated more than 8,000 students, with a job placement rate of 89%, according to data collected as of July 2020. Companies who have employed Ironhack graduates include Capgemini, Siemens and Santander, the company said.