CoderSchool, a Vietnamese startup providing online coding courses, has secured US$2.6 million in pre-Series A funding led by Monk’s Hill Ventures.
Returning investors Iterative, XA Network and iSeed Ventures also joined.
The funding will be used to create more educational content and technology infrastructure for CoderSchool’s technical education programmes. It also plans to hire an additional 35 instructional staffers by Q4 2022 to support online operations.
Founded in 2015 by Charles Lee (CEO) and Harley Trung, CoderSchool offers full-stack web development, machine learning, and data science courses to Vietnamese. In 2020, it switched to online mode. It claims to record 100 per cent quarter-over-quarter growth in fully online enrollments since then.
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“We’re obsessed with creating an exceptional remote-first learning experience with better results, for more people, at a lower cost,” said CEO Lee. “Coding is the future. At CoderSchool, we believe everyone in Southeast Asia deserves a chance to be part of that future. “
CoderSchool’s centralised platform employs data analytics to manage classrooms at scale and improve individual student performance. It also enables software to automate tedious day-to-day teaching operations, including student progress tracking, submission grading, class attendance, and course personalisation.
The startup guarantees job placement for students through its assistance in counselling, mock interviews, mentor introductions and workshops with technical experts.
CoderSchool boasts that over 80 per cent of its full-time graduates landed a job within six months of graduation at leading local and global tech companies such as Momo, Tiki, Shopee, Microsoft and FPT Software.
“The need for strong engineers and developers in Southeast Asia has never been as pertinent as it is today with the growth of tech companies and digital businesses,” said Michele Daoud, partner at Monk’s Hill Ventures.
To date, CoderSchool claims to have clocked over 2,000 alumni and recorded a tripling number of enrolled students.
According to a report of Vietnam’s IT recruitment platform TopDev, Vietnam is currently short of 500,000 IT personnel, especially high-skilled engineers. Meanwhile, only around 5,000 IT students graduate annually from universities, of which the training programmes do not fully meet businesses’ requirements.
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Image credit: CoderSchool
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