HyperionDev, a UK-based online code course developer, has raised more than £1.8 million through its equity crowdfunding campaign on Crowdcube. Founded in 2012, HyperionDev claims to be one of the largest online coding bootcamps out there. The company reported it has brought coding skills to thousands of students in more than 40 different countries.
“HyperionDev began as a community of Computer Science university students in Africa and the UK trying to equalise tech education. Our core innovation was simple: efficiently connect top students to struggling ones, having them review code on structured courses. This got financial backing from Facebook and Google in 2016/17, helping us deliver mentor-led tech education globally and perfect our proprietary technology for scaling online mentoring – what we call computer-assisted code review.”
HyperionDev further revealed that in a post-COVID world, it is seeing its original motivations “magnified” as tech drives all essential services and the traditional, with the traditional university route to tech careers can be costly and slow, leading to dropout rates remaining high without smart technology to scale mentor support.
“We want to change this. By deploying tech that aims to be AI-supported and a marketplace of code reviewers, we scale high-touch online coding bootcamps affordably. Our model works. We’re rated as one of the top bootcamps globally and we’ve even (through our sister brand CoGrammar) helped other edtech companies like Andela, Makers and Lambda School scale their programmes.”
Funds from the Crowdcube round will be used to continue the growth and development of the HyperionDev platform. The company is now offering 9.73% in equity at a £16.8 million pre-money valuation through the campaign, which will close at the end of February.
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