- Career Karma announced that it raised $10 million in Series A funding. These are the details.
Career Karma — a company that helps people become software engineers by matching them with the right coding bootcamps and was founded in 2018 by Ruben Harris, Artur Meyster, and Timur Meyster — announced that it has raised $10 million in Series A funding led by Initialized Capital’s Kim-Mai Cutler.
This extends the relationship between Career Karma and Initialized Capital as Garry Tan helped Harris get into Y Combinator a few years ago. Other investors in this funding round include Lattice’s Jack Altman, Jewel Burks Solomon, and Amira Yahyaoui.
Once a student gets into coding school, Career Karma puts coders into small peer mentorship groups — which are called Squads. And then the upperclassmen help younger students with resources.
Career Karma charges a fee to bootcamps when a student is placed in one of the programs. The fee ranges at about 10% of the student’s tuition — which could be somewhere between $10,000 and $50,000. And Career Karma’s customers have helped place coders into jobs at companies like Stitch Fix, Tesla, and Gemini.
“It’s clear and has been obvious for some time that people will need continuous education to re-skill and re-train throughout their entire careers and the traditional education system hasn’t supported that,” said Cutler via TechCrunch.