Funding to support key platform enhancements and global expansion efforts
BELLEVUE, Wash., June 30, 2022 /PRNewswire/ — Coding Dojoa global education technology company, today announces that it has been awarded $10 million non-dilutive venture capital debt financing from Eastward Capital Partners. This new credit facility will accelerate Coding Dojo’s growth and support several initiatives, including enhancements to key features of its proprietary learning management system, accelerating the organization’s international expansion, and ongoing enhancements to its programs and the science of learning.
The organization has experienced more than 100% year-over-year revenue growth over the past two years thanks to the learning platform’s ability to drive workforce development. scale and quickly train students in the technological skills they need. To support its continued expansion, the company will refine its patent-pending skills assessment, as well as creating new learning science algorithms, learner archetype profiles, and personalized content for the different archetypes with l help from this new funding.
In addition to its B2C business, Coding Dojo provides turnkey Bootcamp as a Service solutions to its B2B partners through corporate trainings, franchisees, as well as licensing their platform for businesses, governments , colleges, etc. Coding Dojo currently operates in 11 countries through these partnerships and will leverage this funding to continue to expand to over 24 countries around the world by the end of 2022.
“While talent is evenly distributed, opportunities are not,” said Richard Wang, CEO of Coding Dojo. “Everything we do is aimed at minimizing the economic divide caused by access to affordable, quality technical education. This new capital will fund Coding Dojo’s high-growth initiatives, enabling us and partner institutions to further develop digital culture around the world.”
About the Coding Dojo
Coding Dojo is a leading educational technology company that offers a full three-stack computer programming bootcamp, as well as courses in data science, cybersecurity, and other emerging technologies. The innovative curriculum and learning management system are designed to train students to become self-directed developers, regardless of their technical background. Coding Dojo has campuses in several US cities, as well as online programs. Learn more about www.codingdojo.com.
SOURCE Coding Dojo