Amid the COVID-19 crisis, digital transformation has rapidly accelerated and increased the demand for resilient jobs in the current remote working economy. It is estimated by the International Labour Organisation that global unemployment will increase by 25 million due to the pandemic, resulting in a necessity for solutions that bring in sustainable employment by supporting remote learning options. Among the many companies that support remote learning is Ironhack, a Madrid-based global tech school.
Intends to expand its remote learning
Ironhack has secured $ 20M (nearly €16.5M) Series B funding round led by Lumos Capital along with participation from Endeavor’s Catalyst Fund and existing investors – Brighteye and Creas. The investment will be used to expand the company’s remote learning and corporate training capabilities including talent acquisition and re-skilling. Also, it will help students all over the world to transform their careers with the help of technology.
“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,” says Ariel Quiñones, co-founder of Ironhack.
Ropes in new board members
Besides the investment, James Tieng, managing partner and co-founder of Lumos Capital Group has joined the Board and Lumos Principal Yichen Feng has been appointed as a Board Observer. Tieng says, “Ironhack’s outcomes-focused educational model, its deepening capabilities in remote and enterprise learning, and the market’s continuing shift to alternative forms of career preparation and professional development have positioned the company for both tremendous growth and social impact.”
Campuses all over the world
Founded in 2013 by Ariel Quiñones and Gonzalo Manrique, Ironhack claims to be one of the top-ranked technology education institutions in the world. It has campuses located in nine cities – Amsterdam, Barcelona, Berlin, Lisbon, Madrid, Mexico City, Miami, Paris and Sao Paulo. The internationally renowned global tech school offers immersive courses and intensive boot camps in Web Development, UX/UI Design, Data Analytics and Cybersecurity.
Since its debut, according to Ironhack, over 8,000 students across the world have graduated from Ironhack. Also, it has helped hundreds of companies including Visa, Capgemini, Siemens and Santander hire top talent at a global scale. As per the company’s latest student outcomes data published in July 202, 89% of students found a job within 180 days of graduation. As a result of these factors, Ironhack has witnessed rapid growth and expansion.
Ironhack co-founder Gonzalo Manrique adds, “We will become the leaders in tech education for a remote workforce by helping companies and governments across the globe acquire and re-skill tech talent, as we’ve done with partners like Banco Santander and Media Markt, to name a few. With the launch of remote learning and new program offerings, including our Cybersecurity curriculum, we’re eager and optimistic for what the future holds.”
Today Spanish company Ironhack has announced securing around €16.5 million Series B funding, in a round led by Lumos Capital, with participation from Endeavor’s Catalyst Fund, as well as existing investors, including Brighteye and Creas. Founded in 2013, is a globally facing Tech School, ranked top 2 worldwide. Its mission is to help people transform…
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Talents are everywhere, but the opportunities are often not! For numerous students finding a job opportunity or internship depends on the on-campus career counsellors. Also, there’s a belief that university, supplemented by corporate training, is the only route to a successful career.
Democratising access to best careers
And this UK startup – Multiverse (formerly WhiteHat), is here to break that by democratising access to the best careers. According to the company, there are almost 800,000 young people aged 16-24 in the UK who are not in employment, education, or training. At this young age, this can have a detrimental effect on physical and mental health.
Multiverse matches non-graduate talent with apprenticeship opportunities at some of the exciting UK companies in a wide range of qualifications in leadership, digital, and technology.
Apprentices benefit from one-to-one coaching with an industry expert and are supported by a thriving community with events, socials, mentoring, and leadership programmes.
“We believe apprenticeships should be prioritised as a way of empowering young people to build great careers, without first having to pursue three years of university education and absorb increasing levels of debt,” claims the company.
Raised €36M funding
In a recent development, Multiverse has secured a $ 44M (approx €36M) Series B funding round led by General Catalyst, also features GV (Google Ventures), and includes Audacious Ventures, Latitude, and SemperVirens.
Other investors like Index Ventures and Lightspeed Venture Partners, who contributed to a $ 16M (approx €13M) Series A investment last year, also took part in the round.
With the funding, the company will expand across the UK, with plans to create two hundred jobs in 2021, and will launch in New York this month.
Euan Blair, founder, and CEO of Multiverse says: “For too long there’s been a belief that university, supplemented by sporadic corporate training, is the only route to success. This model is fundamentally broken – too often failing to give people the skills they need and not spreading opportunity fairly across society.”
“We’re building an outstanding alternative to both the university system, and to a corporate training model that rarely delivers long-term impact and genuine results. There are many different ways for people to be successful. We’re empowering people from diverse communities to access the very best opportunities through apprenticeships as they embark on a successful and fulfilling career. Through 2020, despite COVID-19, we added some of the world’s best companies as new clients and tripled our community of apprentices – in 2021 we’re ready to spread these opportunities even further,” he adds.
In addition to the Series B funding, Multiverse has appointed Jeremy Duggan as President and Board Member.
According to the company, Duggan has extensive experience in driving scale, having taken three SaaS companies – AppDynamics; BladeLogic, and Ascential Software – to unicorn status, and running the EMEA business for BMC.
Other recent leaders to join the business include Lisa Barrett, VP of Learning, Clare Sutcliffe MBE, VP, Community, Sophie Ruddock, VP North America, and Emma Van Dijkum joins as VP of Product.
Focussed on three areas
Founded by Euan Blair (former UK Prime Minister Tony Blair’s eldest son) and Sophie Adelman, Multiverse’s focuses on three primary areas:
1) measuring potential beyond academics, 2) delivering job-focused training via applied learning programs, 3) helping diverse groups of young people build social capital and strong networks.
As per the company claims, 55 per cent of apprentices placed by Multiverse are people of colour, 22 per cent are black, and 53 per cent are women, including in tech roles. Around 33 per cent have received free school meals, to date.
At present, in Europe, Multiverse has more than 300 clients, including Facebook, Morgan Stanley, KPMG, Fujitsu, Capita, Kantar, Skanska, Citi, and Microsoft.
Barcelona-based startup Landbot has today announced it has raised an €6.5 million Series A funding round to scale its team and reach more customers around the world. The round was led by the Spanish-Israeli Venture Capital firm Swanlaab, alongside Spanish national innovation agency CDTI, with previous investors Nauta Capital, Encomenda and Bankinter, completing the Series…
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