Microverse, a startup edtech company, found a way to help students around the world get coding training with zero upfront cost. This way, when students try to find a job, they do not have to rely on an income-share agreement.
Microverse closed a $12.5 million Series A led by Northzone with participation from a host of angel investors and venture capitalists like All Iron Ventures. The company set its vision upon the pandemic-era traction as large tech companies embrace remote work that spans different time zones around the world. Through their investments, Microverse has brought English-speaking students from 188 countries into its program.
Ariel Camus, the CEO of Microverse, says that 300 early graduates are able to get positions at tech companies like Microsoft, VMWare, and Huawei. He also claims that the startup has an above 95% employment rate for its students within six months of graduation so far.
Microverse made efforts to streamline their online program since launch to ensure students are being set up to succeed in their full-time, 10-month program. Part of its efforts has included condensing lesson segments into short time frames to ensure students are not starting the program unless they have free time to commit. Camus says that right now, there are thousands of applications per month, and only a fraction of them are accepted in order to ensure the currently small startup is not overcommitting itself early on. Microverse estimates that it will allow one thousand students into its program this year.
https://techcrunch.com/2021/07/01/edtech-startup-microverse-raises-12-5m-to-bring-income-share-agreements-to-the-developing-world/
No comments:
Post a Comment