Educative, a Seattle WA-based provider of an interactive hands-on skill development platform for software developers and the companies that employ them, raised $12M in Series A funding.
Backers included Matrix Partners, Trilogy Equity Partners, Kevin Mahaffey, Mercury.com founder Immad Akhund, Segment founder Ilya Volodarsky, and several other angel investors.
The company intends to use the funds to accelerate its growth in the B2B space where companies including LinkedIn, Samsung, Ford, Visa, GE, and VMware leverage its proprietary technology to onboard new engineers, upskill existing ones, and develop their engineering managers, more than tripling their course offerings in 2021, expanding customizable training offerings for teams and enterprises looking to expand the skills of their employees, and hiring more than 200 new employees.
Led by Fahim ul Haq, chief executive officer and co-founder, Educative is a provider of online learning platforms that engage users with interactive in-browser coding exercises designed to teach, test, and develop skills of engineering managers and developers. Its interactive courses are designed in conjunction with external tech experts and feature text-based training which studies show is significantly faster than video-based courses.
The company has more than 550,000 developers who use the platform, as well as an additional 1.5 million learners monthly.
FinSMEs
21/05/2021