- Springboard, an education boot camp company, announced it raised $11 million in Series A funding
Springboard — an education boot camp company founded by Gautam Tambay and Parul Gupta — announced it has raised $11 million in Series A funding led by Reach Capital. Pearson Ventures, International Finance Corp., Costanoa Ventures, Learn Capital, and Blue Fog Capital also joined the funding round.
Pearson had put in $2.2 million through its startup investment arm Pearson Ventures. This is one of Pearson Ventures’ first investments along with $2 million put into Bethesda, Maryland-based healthcare education service.
Gautam Tambay told EdSurge that this round of funding will be used for recruiting more students internationally to build out more courses for covering more subjects and to set up more corporate partnerships.
In India, Springboard also launched 3 programs. And the company is also planning to grow further in Southeast Asia along with Europe and Asia.
Springboard has trained over 14,000 students since it was founded in 2013. And the graduates have signed with companies like Boeing, Microsoft, and Facebook. Recently, Springboard signed a partnership with Microsoft to train and place 5,000 students into analytics jobs over the next 3 years.
