Coding Dojo Secures $10M of Venture Debt Financing

Coding Dojo, a Bellevue, Wash.-based global education technology company, secured $10m in non-dilutive venture debt financing.

Eastward Capital Partners provided the financing.

This new credit facility will accelerate the growth of the company and support several initiatives, including key feature enhancements to its proprietary learning management system, accelerating the organization’s international expansion, and continued improvements to its curricula and learning science.

Led by Richard Wang, CEO, Coding Dojo is a education technology company that offers a three-full-stack computer programming bootcamp, as well as courses on Data Science, Cybersecurity, and other emerging technologies. The curriculum and Learning Management System are designed to train students to become self-sufficient developers, regardless of their technical background. The company has campuses in multiple US cities, as well as online programs.

In addition to its B2C business, Coding Dojo provides Bootcamp as a Service solutions to its B2B partners through corporate training, franchisees, as well as licensing their platform to businesses, governments, colleges, and more.

The company currently operates in 11 countries via these partnerships and will leverage this funding to continue expanding into more than 24 countries worldwide by the end of 2022.

FinSMEs

03/04/2022