CoderSchool, a Vietnamese online coding school, has raised $2.6 million in a Pre-Series A funding round led by Monk’s Hill Ventures, with participation from returning seed investors Iterative, XA Network, and iSeed Ventures.
With the new investment, the company plans to accelerate its online teaching platform growth and technology infrastructure expansion for its technical education programs that guarantee employment upon graduation.
CoderSchool offers full-stack web development, machine learning, and data science courses at a lower cost. It has trained more than 2,000 alumni up to date, and recorded over 80% job placement rate for full-time graduates, getting jobs at companies such as BOSCHE, Microsoft, Lazada, Shopee, FE Credit, FPT Software, Sendo, Tiki, and Momo.
Founded in 2015 by Charles Lee and Harley Trung, the company's vision is to bring opportunity to everyone, everywhere through high-quality technical training, genuine community, and close partnerships with top companies from all over the world.
Talking about the company, Co-founder and CEO of CoderSchool Charles Lee said in a statement,
CoderSchool online program enables students to interact with instructors and classmates before, during, and after scheduled class sessions with its human-driven learning strategy. The startup currently has 15 instructional staff and plans to hire 35 additional instructors by Q4 2022.
Commenting on the investment, Michele Daoud, Partner at Monk’s Hill Ventures, said,
"The need for strong engineers and developers in Southeast Asia has never been as pertinent as it is today with the growth of tech companies and digital businesses,” said Michele Daoud, partner of Monk’s Hill Ventures. We have been impressed by the team’s focus on setting the standard for coding education in the region. We are excited to partner with CoderSchool to provide both opportunity and access to the millions of aspiring students in Vietnam."
CoderSchool had raised an undisclosed amount in a seed round in 2018 led by TRIVE Ventures.