Code Institute raises €500,000 to expand overseas

Code Institute, an education technology company, has raised €500,000 in seed funding as it plans to develop its range of courses and expand internationally.

The funding which was provided by Kernal Capital and Enterprise Ireland, will help to generate courses in data and analytics and in how coding can be used to improve business.

Speaking on the venture, Code Institute chief executive Jim Cassidy said “It’s coding for non-coders”

Code Institute currently works with industry advisors to develop and update courses which are addressing the skills gap that exists in the industry both in Ireland and overseas.

It offers three-month “bootcamp” programmes that are available online or in a classroom, and which are fully accredited and certified by Edinburgh Napier University.

Expansion

“Part of our growth strategy is to increase our footprint across Europe,” Mr Cassidy said.

The company which has operations in Ireland and partners in the UK, is planning to expand further, by targeting Holland, Italy and Germany, and also further afield to southeast Asia.

Set up in 2014, Code Institute’s objective is to address the skills gap that could see 825,000 job vacancies across the EU by 2020, and it is predicting a rise in demand for its services. It has had 150 people start its courses, both online and in the classroom but expects that number to grow to 400 this year, with between 1,500 and 2,000 students enrolled the following year.

According to Code Institute about 94% of its students have been hired within three months of graduating.

Orla Rimmington, partner with Kernel Capital said “Ultimately, there is no substitute for well-educated and talented people building great locally based companies; the shortage in digital skills is a concern for future growth in Ireland and abroad,”

“Kernel Capital is pleased to support Irish edtech companies like the Code Institute as they expand internationally and aim to help fill the gap in ICT professionals predicted across Europe by 2020.”