Educative Raises $12 Million in Series A Funding to Expand B2B Offerings and Accelerate Growth
Educative, an interactive hands-on skill development platform for software developers and therefore the companies that employ them, today announced a $12 million Series A fundraising round. Matrix Partners led the round with additional funding from new and returning investors, including Trilogy Equity Partners. Lookout founder Kevin Mahaffey, Mercury.com founder Immad Akhund, Segment founder Ilya Volodarsky, and several other angel investors also participated.
Educative has quite 550,000 developers who use the platform, also as a further 1.5 million learners monthly that tap into its free database of short, concise articles on dev topics. The infusion of funding will enable Educative to accelerate its growth within the B2B space where companies including LinkedIn, Samsung, Ford, Visa, GE, and VMware leverage the company's proprietary technology to onboard new engineers, upskill existing ones and develop their engineering managers. the corporate will quite triple its course offerings in 2021 and expand customizable training offerings for teams and enterprises looking to expand the talents of their employees. Educative also plans to rent quite 200 new employees to fuel growth across their global customer base.
"Like skateboarders or swimmers, developers can't learn by watching videos. Instead, they learn by doing. We began to create a learning platform that gives pre-configured training environments within the cloud, making hands-on learning a breeze. Educative now touches 10 percent of developers worldwide," said Fahim ul Haq, chief military officer and co-founder of Educative. "We've experienced accelerated growth over the last year as demand for software developers continues to explode. As remote work, career transitions, and upskilling continue, this investment will help us answer the demand and still deliver quality courses for software developers and therefore the businesses that employ them."
Over the past year, Educative has experienced widespread growth including doubling its user base within the U.S. The platform saw over 100% growth in non-traditional tech hubs like San Diego , Columbus, Charlotte, and Raleigh in 2020. Educative responded by expanding its suite of courses utilized by several technical boot camps and individual learners, also introducing tailored solutions for training, upskilling, and onboarding for businesses.
"Educative has made impressive strides to reply to the challenges related to upskilling software developers during a time when the work market is growing exponentially for knowledgeable programmers," said Jake Jolis, partner, Matrix Partners. "Educative embodies the attributes we value at Matrix Partners — a promising mission, an ambitious team, and a loyal, passionate community. we glance forward to helping Educative continue on its current growth trajectory."
About Educative
Educative is that the leading provider of online learning platforms that engage users with interactive in-browser coding exercises designed to show, test, and develop the skills of engineering managers and developers. Its interactive courses are designed in conjunction with external tech experts and have text-based training which studies show is significantly faster than video-based courses. employed by individuals and businesses alike, Educative's courses help software developers learn more quickly and efficiently than other platforms.