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Bloom Institute of Technology
Online coding school and bootcamp
- 201-500 employees
- B2C
- B2B
- Education
- Recruitment
- Learning
- SaaS
- Financial District, San Francisco, CA
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Company mission
To provide a direct, low-risk path to a higher income.
-15% employee growth in 12 months
Our take
Programmers are required in almost every industry in the current digital landscape, but learning programming languages is expensive. Whilst there are many free resources available to students online, these do not meet the industry-specific requirements taught at expensive college degrees and boot camps.
BloomTech (previously Lambda School) hosts a virtual educational platform focused on teaching programming languages and computer science. Unlike boot camps and university degrees, tuition through BloomTech is completely free until the student is hired by a company. Once the student is hired and earning over $50,000 annually, they must begin paying back a student debt of $30,000.
The startup’s approach to student debt provides massive opportunities for students who otherwise could not afford to learn such a skill. By providing free education until a job has been secured, BloomTech can ensure everyone interested can learn how to code whilst guaranteeing that they will be able to pay for the tuition costs.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Parental leave
- Wellness stipend
- Full health coverage
- Unlimited PTO
- Continued education
Company values
- Learner obsessed - Strive to make learners unbeatable in the market
- Act like an owner - Build great things and own your mistakes
- Less, but better - Focus on what drives us – enabling learners to land great jobs
- Nothing is sacred - Look for ways to improve what we do
- Go for it - Take risks. It's okay to break things. Just learn and iterate
Funding (last 2 of 5 rounds)
Aug 2020
$74m
SERIES C
Jan 2019
$30m
SERIES B
Total funding: $122.2m
This company has top investors
Leadership
Austen Allred
(CEO)Austen started their career as part of the founding team of Stuptopia, before working at Stryde and co-founding Grasswire. He left his position as Senior Manager at LendUp in 2017 to found Lambda School.