Ironhack closed a funding round in which it raised $ 20 million (€ 16.5 million). It is led by the Lumos Capital Fund and shared by Endeavor Catalyst, with the participation of existing investors, Brighteye and Creas.
Ironhack’s goal is to use the new capital to expand business training, including talent acquisition and refinement. In addition, the company will increase its investment in online teaching, providing students around the world with greater access to technology education, as well as the career opportunities this training provides.
Ironhack is currently headquartered in nine cities in Europe, the United States, and Latin America. Specifically in Madrid, Barcelona, Miami, Paris, Mexico, Berlin, Amsterdam, São Paulo and Lisbon.
The company offers students and employers extensive introductory camps and courses in web development, UX / UI design, data analytics, and cybersecurity.
James Ting, managing partner and co-founder of Lumos Capital Group, joined the board of directors after the deal. “Ironhack’s education model, which focuses on student recruitment, company training, and the ongoing shift toward alternative forms of distance teaching, has positioned the company to achieve phenomenal growth and social impact,” he says.
“This tour and recruitment results show our students the incredible opportunity to continue developing technology talent around the world. Our investors bring tremendous expertise in technology education globally, which will allow us to continue our international expansion and continue supporting companies and governments to train tech talent, as we have already done with Banco Santander and MediaMarkt, ”notes Ironhack co-founder Gonzalo Manrique.