Cape Town-headquartered Edtech startup HyperionDev has announced it raised $3.5m in Series A funding to help it expand its offering to thousands of students globally. The majority of which was raised via crowd investment platform CrowdCube.
HyperionDev was founded in 2012 as an online course platform for computer science education, backed by the likes of Facebook and Google, the startup has allowed users to take online courses in coding with a personal computer or mobile phone.
Riaz Moola, founder and chief executive officer (CEO) of HyperionDev speaking on the funding said that it will benefit student globally
“This incredible milestone will directly benefit thousands of students across the globe who are looking for an accessible and affordable way to learn job-ready, practical developer skills in months rather than years. In the past 12 weeks, we’ve welcomed over 1,500 new stakeholders,” said Riaz.
HyperionDev intends to use the funding to improve its product service delivery as it plans to expand into the United States (US) and United Kingdom (UK) markets given its African success, where it has seen 640 percent revenue growth since 2018.
“We believe that our coding boot camps are the best way to close the growing global tech skills gap, and with this wave of support we are one step closer to fulfilling our mission in the US and UK markets,” said Moola.