Main Highlights
- CoderSchool announced today $2.6 million in pre-Series A investment to expand its online coding school platform.
- CoderSchool has over 2,000 alumni, and more than 80% of full-time graduates secured employment within six months of graduation with prominent businesses.
- CoderSchool graduates earn 30-40% more than the reported industry average for entry-level software engineers.
- CorderSchool’s online program allows students to engage with instructors and classmates before, during, and after planned class sessions.
CoderSchool, an online coding school business located in Ho Chi Minh City, Vietnam, announced today $2.6 million in pre-Series A investment to expand its online coding school platform.
Monk’s Hill Ventures led this round, including participation from returning seed investors Iterative, XA Network, and iSeed Ventures. TRIVE Ventures led a seed round for CoderSchool in 2018. The funds will be used by CoderSchool to expand its online teaching platform and technological infrastructure for the company’s technical education programs that guarantee employment upon completion.
The firm, formed in 2015 by former software developers Charles Lee and Harley Trung, switched from offline to online in early 2020 to provide high-quality technical instruction to everyone, anywhere. The firm saw a 100 percent quarter-over-quarter (QoQ) increase in completely online enrolment after moving to a wholly online learning program, according to a statement.
To date, CoderSchool has over 2,000 alumni, and more than 80% of full-time graduates secured employment within six months of graduation with prominent businesses such as Momo, Tiki, Shopee, Microsoft, and FPT Software. CoderSchool graduates earn 30-40% more than the reported industry average for entry-level software engineers. With the expansion of CoderSchool’s ecosystem and centralized platform, excellent classroom management has occurred, with the number of enrolled students doubling in the previous seven months.
“Coding is the way of the future. “At CoderSchool, we think that everyone in Southeast Asia deserves an opportunity to be a part of that future,” stated co-founder and CEO Lee. In Vietnam, demand for IT expertise is growing at a rate of 47 percent per year, but supply is only growing at an 8 percent annual rate.
“With the rise of IT firms and digital businesses in Southeast Asia, the demand for talented engineers and developers has never been more important,” said Michele Daoud, partner at Monk’s Hill Ventures. “We were pleased by the team’s determination to set the benchmark for coding instruction in the region. We are thrilled to be collaborating with CoderSchool to give opportunity and access to millions of ambitious students in Vietnam.”
According to Lee, the domestic market size in Vietnam is projected to be between $100 million and $200 million, and it is growing every year. Lee stated that CoderSchool has been concentrating on Vietnam for the previous six years, but that it intends to join the worldwide market following the next round, without specifying a timeline.
Benefits of joining CoderSchool
CoderSchool, which provides full-stack web development, machine learning, and data sciences courses at a lower cost, has trained over 2,000 alumni to date, and has a job placement rate of over 80% for full-time graduates, with jobs at companies such as BOSCHE, Microsoft, Lazada, Shopee, FE Credit, FPT Software, Sendo, Tiki, and Momo.
“After teaching over 2,000 students, we were able to fine-tune our [coding education] curriculum. “In two years, we completely rebuilt our full-stack web development course — from Ruby to Python to JavaScript — and added new machine learning and data science classes to our program,” Lee said.
With its human-driven learning method, CorderSchool’s online program allows students to engage with instructors and classmates before, during, and after planned class sessions. CoderSchool presently employs 15 teachers and aims to hire 35 more by the fourth quarter of 2022.
Data analytics at CoderSchool has enhanced individual student performance while also allowing CoderSchool to grow classroom size at scale, with a peak enrolment of 107 students in a data science program.
