Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Hungary’s Codecool raises $4 million to expand coding classes across Europe

ImpactAlpha, February 26 – Budapest-based coding school Codecool has raised €3.5 million in Series B funding from Lead Ventures and Portfolion.

Forty percent of the European workforce has no digital skills, even though “in the future, nearly all jobs will require digital skills,” according to a European Union labor report. That includes the 756,000 job vacancies anticipated by 2020.

Codecool provides digital training and teaches coding, then helps graduates get placed in partner companies. Its focus is not just training a workforce for jobs at tech firms, but in “all industries be it manufacturing or services,” Codecool’s founder Balázs Vinnai said. The institution has graduated 400 students and placed them in jobs with roughly 100 corporate partners. It currently has 500 students enrolled in four campuses in Hungary and Poland.

Its Series B round will be used to train 10,000 students across 10 campuses by 2023, starting with expansion to Romania.

Education ventures worldwide are trying to prepare the global workforce for increasingly digital, technical and automated jobs through coding schools, online training, and bootcamps. A long roster have secured investor support, including: U.S.-based Lambda School and Holberton School, Argentina’s Digital House, Mexico’s Holacode, Peru’s Crehana, U.K.-based Freeformers, and Nigeria- and Kenya-based Andela, which just closed $100 million in funding.

You might also like...