This August, saw over $175M in fundraises in the coding bootcamp space! Republicans in the US shared what they would like to see in an expanded Pell Grant program, and an OPM giant, 2U, had some growing pains as it shifts to focusing on edX. Skills-based hiring continues to be top of mind for employers, so we’re shining light on the coding bootcamps that are working hard to eliminate gatekeeping for tech skills training and tech jobs. Plus, we added 16 new bootcamps to the Course Report school listings this August!
📌On Wednesday, September 7th at 1:00PM ET, we will be moderating a Live Q&A with admissions reps from 5 different bootcamps to find out how to get into a coding bootcamp. If you’re thinking about going to a bootcamp, you won’t want to miss this live Q&A! RSVP and please feel free to send us your questions about admissions so we can ask our panel!
Curious about what happened in July? Check out last month’s episode to hear our July coding bootcamp news roundup!
OVER $175M IN BOOTCAMP FUNDRAISES
Degreed announced its $153 million Series D round, which brings Degreed’s total fundraise to $360.2 million.
Security Week reports that Cybrary raised $25M in venture capital.
According to TechCrunch, Web3 bootcamp, ChainShot has been acquired by the crypto developer platform Alchemy.
Education Technology reports that Northcoders secured a £4m government contract to continue supporting its efforts of helping Brits make career changes.
Sifted reports that Microverse has doubled its valuation through a $4M extension of its $12.5 Series A round.
THE LATEST ON PELL GRANT & ISAs FOR BOOTCAMPS
Republicans from the Education & Labor Committee of the US House of Representatives announced a proposal to expand eligibility for Pell grants. There are some interesting guidelines in this proposal!
Inside Higher Ed reported on 2U’s layoffs and announced that the company is restructuring to focus on edX.
EdSurge highlighted 2U’s new strategy and how it may affect OPMs.
Zovio, which now owns Fullstack Academy, announced that they have sold the OPM segment of their business to the University of Arizona Global Campus.
WSB-TV covered a new lawsuit with more than a dozen plaintiffs against online coding bootcamp, Clever Programmer.
REMOVING GATEKEEPING FROM TECH OPPORTUNITIES
USAToday notes that 18% of companies are prioritizing bootcamp training certifications instead of excluding candidates without degrees.
Year Up announced they are partnering with OpenClassrooms, an US-DOL registered apprenticeship, to create a new apprenticeship program called Earn More, Learn More.
Code Fellows has partnered with the Washington State Department of Social and Health Services in order to offer free tech training to anyone who is also qualified to receive federal Basic Food assistance. (Learn more about this program in our Alumni Spotlight with Code Fellows grad Bill.)
According to Refresh Miami, 4Geeks Academy partnered with United Way to expand access to coding bootcamps to underrepresented Miamians.
BRIDGING THE TECH GAP
Prism compared the tales of two BIPOC bootcamp students who attended Ada Developers Academy and Rutgers University Coding Bootcamp (powered by 2U/Trilogy).
Forbes pointed out how the rising cost of cybersecurity bootcamps alongside inflation is making it hard for people, especially minorities, to enroll.
Spectrum News reported that We Can Code IT’s goal is to have 70% of their bootcamp graduates to be from underrepresented groups in tech by 2030.
Jess was inspired by the career change of General Assembly grad Mell. Mell pivoted from an in-person banking role in Atlanta to a remote software engineering role at Vanguard. He made this career change in his mid-30s, and has lots of great tips for anyone who’s thinking of making a career change later in their careers!
Liz kicked off our new blog series, Ask a Career Coach, by speaking with Marlene Tang, Alumni Director & Career Coach at Coding Temple, about what graduates should aim for in their second job after bootcamp. Marlene answered this beautifully, whether that means going after a promotion at your current company that you love or moving onto a new company. She even covers the salary raise that you can expect from a promotion or a new job or just doing nothing!
Jess is the Content Manager for Course Report as well as a writer and poet. As a lifelong learner, Jess is passionate about education, and loves learning and sharing content about tech bootcamps. Jess received a M.F.A. in Writing from the University of New Hampshire, and now lives in Brooklyn, NY.