The American e-education startup Holberton announces a new $20 million round of funding to accelerate its development in Africa
April 20, 2021
The funding will allow the Californian-based startup to develop its computer engineering training solutions for universities, training centers, and companies on the African continent.
SAN FRANCISCO, April 19, 2021 – Holberton, making software engineering education affordable and accessible globally, announced today that it has raised $20 million in Series B funding led by Redpoint eventures with new investor Pearson Ventures and participation by existing investors Daphni, Imaginable Futures, Reach Capital and Trinity Ventures.
Holberton works with institutes in several African countries including Tunisia, Madagascar, and Morocco, which have trained thousands of learners. The group’s ambition is to help more than 500,000 students in Africa gain access to first-rate education by 2030, directly via its Holberton School Network, or indirectly with education institutions and training centers. To reach that goal, Holberton constantly innovates and expands how it delivers education on a large scale.
“We have developed technologies, tools, programs, and teaching methods to complement, extend or fill gaps in the training of students or employees. Our solutions have been designed and created to train learners anywhere in the world and at any level of Commuter Science Knowledge, whether they are beginners or familiar with the computer language”, says Julien Barbier, CEO, and co-founder of Holberton.
With its partners, Holberton has provided education to thousands of students around the world, creating new tools, processes, programs, and methods needed to send students into high-paying jobs at top technology companies such as Amazon, Apple, Google, LinkedIn, Tesla, and more. Holberton has created a new concept that it calls the “OS of Education”. Customers use what they need to either build entire new schools or supplement their current education delivery.
“Since our founding in Silicon Valley in 2015, we have had a vision of making software engineering education affordable and accessible to everybody around the world,” said Julien Barbier. “Africa is a continent with a considerable nursery of young people to train. Our solutions enable public and private institutions to offer modern, tailored education that meets the needs of the job market on the continent.”
Holberton’s offering includes a complete off-the-shelf franchise model, as well as tailored curricula, auto-graded projects, and tools. Customers — who best understand their student needs, job market requirements, and unique accessibility challenges — use what they want or need to fulfill their educational mission. And thus contribute to filling a national pool of highly qualified software engineers.
“Holberton’s OS of Education concept opens up the company’s proven tools to a broader education market,” said Manoel Lemos, managing partner at Redpoint eventures. “They’ve proven successful in breaking down barriers of cost and access while delivering a world-class curriculum. With the concept of ‘OS of Education’ as a service, they provide customers with all the tools they need for success. Customers can be non-profit impact investors who want to improve local economies, education institutions who want to fill gaps in how they teach in a post-COVID learning environment or corporations who want to provide the best training possible as education providers themselves or as employee development programs.”
Founded in Silicon Valley in 2015, Holberton’s innovative and flexible delivery of the “OS of Education” provides a unique portfolio of tools, auto-graded tailored curricula and teaching methods to help its customers – education institutions, universities, corporations and franchisees – successfully train the next generation of digital talent at scale.
About Redpoint eventures
Redpoint eventures is a venture capital firm investing in Latin American startups. The firm partners with visionary founders using technology to create new markets and solve big problems in existing ones. With an experienced team in Brazil and in close partnership with two Silicon Valley firms (e.ventures and Redpoint), the firm helps founders secure the capital, talent and growth to succeed further, faster.
Founded in 2012, Redpoint eventures invests across seed, early and growth stages. It manages over $300 million and has more than 40 companies in its portfolio, including Creditas, Gympass, Minuto Seguros, Olist, Pipefy, Rappi and Resultados Digitais. As part of its mission to support the Brazilian ecosystem, the firm co-founded Cubo , the second largest innovation hub in the world, based in Sao Paulo, where it’s headquartered. For more information, please visit www.rpev.com.br.
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