Written By Liz Eggleston
Course Report strives to create the most trust-worthy content about coding bootcamps. Read more about Course Report’s Editorial Policy and How We Make Money.
Course Report strives to create the most trust-worthy content about coding bootcamps. Read more about Course Report’s Editorial Policy and How We Make Money.
Since the first bootcamp acquisition in June 2014, we’ve seen several coding bootcamps get acquired by a range of companies from for-profit education companies (Capella Education), to co-working companies (WeWork), and other coding bootcamps (Thinkful + Bloc)! With rapid market growth in the bootcamp industry, for-profit education companies are taking note. These acquisitions and consolidations should come as no surprise, and some have been very successful, with schools going on to increase their number of campuses and course offerings. As coding bootcamps become more mature, we are seeing them get snapped up by more well-known companies, for increasingly large sums (e.g. General Assembly for $413 million and Trilogy Education for $750 million!) We’ll keep this chronologically-ordered list updated as bootcamps announce future acquisitions.
As of November 2022, bootcamps have already secured over $375M in funding. The largest fundraises were from Multiverse, who raised $220,000,000 to expand the tech bootcamp and apprenticeship model. Bootcamp-adjacent companies also announced big news – Skillsoft acquired Codecademy in January for $525M and Guild Education raised $175M in Series F funding. On top of those major fundraises, we've already seen Holberton School acquired by ALG (African Leadership Group).
In 2021, bootcamps secured over $1 Billion in funding! The largest fundraises were Emeritus's $650M fundraise for university bootcamps and Product School's $25M Series A round. Bootcamp-adjacent companies like Codecademy and Blair Capital also raised an additional $158M in 2021. Plus, Udemy went public in October, raising $461M in its IPO. On top of those major fundraises, we saw two major acquisitions in 2021 – Brainstation acquired Wyncode in January and SNHU acquired Kenzie Academy in March.
Bootcamps secured ~$160,000,000 in funding throughout 2020 – the largest fundraises were Lambda School's $74M Series C and Springboard's $31M Series B. Bootcamp-adjacent companies like Coursera and Udacity also raised an additional $385M in 2020. On top of those major fundraises, we saw several major acquisitions in 2020 – for example, Stride/K-12 purchased Galvanize for $165M and Tech Elevator for $24M, and WeWork sold Flatiron School to Carrick Partners for an undisclosed amount.
Bootcamp |
Date |
Acquired By |
Amount |
Dev Bootcamp |
June 2014 |
Kaplan Test Prep |
Undisclosed |
Zipfian Academy |
November 2014 |
$10 million |
|
MakerSquare |
January 2015 |
ReactorCore/Hack Reactor |
Undisclosed |
Software Guild
|
April 2015 |
Learning House |
Undisclosed |
The Iron Yard |
July 2015 |
Apollo Education |
Undisclosed |
Mobile Makers |
September 2015 |
ReactorCore/Hack Reactor |
Undisclosed |
New York Code & Design Academy |
January 2016 |
Strayer Education, Inc |
~$7 million |
Starter League |
March 2016 |
Fullstack Academy |
Undisclosed |
Hackbright Academy |
April 2016 |
Capella Education (now SEI) |
$18 million |
DevMountain |
May 2016 |
Capella Education (now SEI) |
$20 million |
Bitmaker Labs |
August 2016 |
General Assembly |
Undisclosed |
Flatiron School |
October 2017 |
WeWork |
Undisclosed |
Viking Code School and The Odin Project |
December 2017 |
Thinkful |
Undisclosed |
General Assembly |
April 2018 |
Adecco |
$413 million |
Bloc |
April 2018 |
Undisclosed |
|
MissionU |
May 2018 |
WeWork |
Undisclosed |
Hack Reactor |
July 2018 |
Galvanize |
Undisclosed, though it was partially financed by a $32 million Series C round |
Designation |
August 2018 |
Flatiron School |
Undisclosed |
Fullstack Academy |
March 2019 |
Bridgepoint Education (now Zovio) |
$50 million |
Trilogy |
April 2019 |
2U |
$750M |
Thinkful |
April 2019 |
Chegg |
$100M |
SkillsFund |
June 2019 |
Goal Structured Solutions |
Undisclosed |
SecureSet Academy |
August 2019 |
Flatiron School |
Undisclosed |
Galvanize/Hack Reactor |
January 2020 |
K12 (now Stride) |
$165M |
Flatiron School |
June 2020 |
Carrick Partners |
Undisclosed |
Tech Elevator |
November 2020 |
K12 (now Stride) |
$24M |
Wyncode Academy |
February 2021 |
Brainstation |
Undisclosed |
Kenzie Academy |
March 2021 |
Southern New Hampshire University |
Undisclosed |
DigitalCrafts |
August 2021 | American InterContinental University System | Undisclosed |
Infosec |
February 2022 |
Cengage Group |
$190.8M |
Holberton School |
July 2022 |
African Leadership Group (ALG) |
Undisclosed |
Emil |
June 2022 |
Le Wagon |
Undisclosed |
ChainShot |
August 2022 |
Alchemy |
Undisclosed |
Dev Bootcamp was acquired by Kaplan Test Prep in June 2014. As of December 8, 2017, Dev Bootcamp will no longer be operating.
Although this was the first acquisition in the coding bootcamp industry, it wasn’t Kaplan’s first foray into coding bootcamps- they launched data science bootcamp Metis in Boston and New York in early 2014. Kaplan shut Dev Bootcamp down in December 2017 but continues to operate Metis.
Zipfian Academy was acquired by Galvanize in November 2014. Zipfian Academy was one of the first data science bootcamps in the US, and after one year of success, joined Denver-based education & coworking powerhouse Galvanize. Zipfian co-founder and CEO Ryan Orban joined the Galvanize team as EVP of Product and Strategy.
MakerSquare was acquired by ReactorCore in January 2015. Hack Reactor reorganized in October 2015 into parent company, ReactorCore, which manages a network of schools.
Mobile Makers was acquired by ReactorCore in September 2015. ReactorCore was announced as the parent company of Hack Reactor, Hack Reactor Remote Beta, MakerSquare, and Telegraph Academy. It’s first major move was to acquire Chicago-based mobile bootcamp Mobile Makers. Mobile Makers Academy Director of Education Jessi Chartier was promoted to CEO.
The Iron Yard brought on Apollo Education as a “strategic investor” in July 2015. As of October 13, 2017, The Iron Yard is no longer operating.
New York Code & Design Academy was acquired by Strayer Education, Inc in January 2016 – it is no longer operating.
Hackbright Academy was acquired by Capella Education in April 2016 and shortly after, DevMountain was acquired by Capella Education in May 2016. Capella Education is now SEI.
Flatiron School was acquired by WeWork in October 2017. WeWork also scooped up MissionU in May 2018 and Flatiron School acquired UX design bootcamp Designation in August 2018 and cybersecurity bootcamp SecureSet Academy in August 2019.
Facing all sorts of financial obstacles in 2020, and as WeWork started to divest from many of its assets, they sold Flatiron School to Carrick Partners in June 2020.
Viking Code School and The Odin Project were acquired by Thinkful in December 2017
Bloc was acquired by Thinkful in April 2018
Thinkful was then acquired by Chegg for $100 million in 2019.
General Assembly was acquired by Adecco in April 2018 for $413 million! According to Axios, GA had been valued at $440 million. Between 2011-2015, GA raised nearly $120 million in VC funding, and earned $100 million in revenue in 2017.
Trilogy Education broke that record in April 2019 when they were acquired by 2U for $750 million.
Bootcamp |
Year |
Fundraise Amount |
Notes |
Coding Ninjas | 2022 | $17,000,000 |
|
Chalq |
2022 | $2,000,000 | |
Cybrary | 2022 | $25,000,000 |
Past Fundraises: $15M Series B in 2019 |
Microverse | 2022 | $16,500,000 | |
Coding Dojo |
2022 | $10,000,000 | |
Multiverse |
2022 | $220,000,000 |
Past Fundraises: $130,000,000 in 2021 $44,000,000 in 2021 |
Manara |
2022 | $3,000,000 | |
Encode Club | 2022 | $5,000,000 |
|
Henry |
2022 | $10,000,000 | |
Masterschool | 2022 | $100,000,000 | |
Epicode | 2022 | €10,000,000 | |
Ada Developers Academy |
2022 | $10,000,000 grant | |
Platzi |
2021 | $62,000,000 | |
Academy Xi | 2021 | $14,000,000 |
|
Veroskills | 2021 | $500,000 | |
Rocket Academy | 2021 | $1,100,000 | |
CoderSchool |
2021 | $2,600,000 |
|
Turing College | 2021 | $1,005,000 | |
Emeritus |
2021 | $650,000,000 | |
Multiverse | 2021 | $130,000,000 |
Past Fundraises: $44,000,000 in 2021 |
HyperionDev | 2021 | £2,500,000 |
Past Fundraises: $1,800,000 in 2021 |
Product School | 2021 | $25,000,000 | |
Microverse |
2021 | $12,500,000 |
Past Fundraises: $3,200,000 in 2020 |
CodeBoxx | 2021 | $2,000,000 | |
iXperience |
2021 | $2,500,000 | |
4Geeks Academy | 2021 | $10,000,000 | |
Holberton School | 2021 | $20,000,000 |
Past Fundraises: $8.2M in 2018 $2.3M in 2017 |
Codecool | 2021 | €7,000,000 | |
Rithm School | 2021 | $25,000,000 | |
HyperionDev |
2021 | $1,800,000 | |
Burlington Code Academy | 2021 | $10,000,000 | |
Ironhack | 2021 | $20,000,000 |
Past Fundraises: $4,000,000 in 2019 $3,000,000 in 2017 |
Multiverse | 2021 | $44,000,000 | |
Victory Lap | 2021 | $25,000,000 | |
Flockjay | 2021 | $11,000,000 |
Past Fundraises: $2,980,000 in 2019 |
Hacktiv8 | 2020 | $3,000,000 | |
LeWagon | 2020 | $19,000,000 | |
Microverse | 2020 | $3,200,000 | |
Code Institute | 2020 | $1,200,000 | |
Noodle Partners | 2020 | $16,000,000 |
|
Lambda School | 2020 | $74,000,000 |
Past Fundraises: $30M in 2019 $14M in 2018 |
Springboard | 2020 | $31,000,000 |
Past Fundraises: $11M in 2019 |
Podium Education | 2020 | $12,000,000 | |
Sabio | 2020 | $500,000 | |
Kenzie Academy | 2019 |
$100,000,000 (debt financing) |
Past Fundraises: $7.8M in 2019 $4.2M in 2018 $1.6M in 2017 |
Pathrise | 2019 | $3,200,000 |
Past Fundraises: $7.8M in 2019 $4.2M in 2018 $1.6M in 2017 |
Cybrary | 2019 | $15,000,000 | |
Galvanize | 2019 | $13,440,000 |
Past Fundraises: $43.3M in 2018 $7M in 2017 |
Momentum | 2019 | $2,750,000 | |
CodeOp | 2019 | $320,000 | |
Coded | 2019 | $1,300,000 | |
Bitwise | 2019 | $27,000,000 | |
Make School | 2019 | $15,000,000 | |
CodeCool | 2019 | $3,500,000 | |
Holberton School | 2018 | $8,200,000 |
Past Fundraises: $2.3M in 2017 |
Trilogy | 2018 | $50,000,000 |
Past Fundraises: $30M in 2017 $30M in 2017 |
Thinkful | 2018 | $10,000,000 |
Past Fundraises: $9.6M in 2018 |
Andela | 2017 | $40,000,000 | |
MissionU | 2017 | $8,500,000 | |
Wyncode | 2017 | $1,000,000 |
We’ll keep this chronologically-ordered list updated as bootcamps announce future acquisitions.
Liz Eggleston is co-founder of Course Report, the most complete resource for students choosing a coding bootcamp. Liz has dedicated her career to empowering passionate career changers to break into tech, providing valuable insights and guidance in the rapidly evolving field of tech education. At Course Report, Liz has built a trusted platform that helps thousands of students navigate the complex landscape of coding bootcamps.
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