Total amount raised
£3 Millions
Latest funding date
Location
Academy has successfully raised funding through multiple rounds, with notable investors including Emerge and LocalGlobe. The company focuses on bridging the skills gap in the age of AI by unlocking human potential through innovative training programs.
Keep reading to explore the intricacies of Academy's fundraising journey and the investors backing this transformative platform.
What Is Academy?
Academy, founded in 2020 by Ashley Ramrachia, is based in Manchester, United Kingdom. The company specializes in training talent and leadership roles for the tech industry, focusing on areas such as software engineering, data engineering, cyber, and cloud.
With a team of 11-50 employees, Academy offers a range of services including leadership development training, access to a diverse talent pool, customized curriculums, manager support, and AI-powered assessments. Their mission is to bridge the skills gap in the age of AI by unlocking human potential.
Academy partners with organizations to identify potential in non-traditional talent pools, develop job-focused training programs, and activate talent through comprehensive onboarding and mentoring. They aim to build diverse, agile teams that can thrive in the AI era.
How Much Funding Has Academy Raised?
- Seed Round
- Amount Raised: $4 million
- Date: December 2021
- Lead Investors: LocalGlobe, Emerge Education
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a diverse generation of tech leaders and address the talent bottleneck in the tech industry.
Total Amount Raised: $4 million. Current Valuation: Not publicly disclosed.
Key Investors
- LocalGlobe
- Details: LocalGlobe is a UK-based venture capital firm co-founded by Saul Klein. It is known for investing in early-stage technology companies.
- Investment Focus Areas: Early-stage technology startups, companies with high growth potential, social impact ventures.
- Notable Investments: TransferWise, Zoopla, Citymapper.
- Emerge Education
- Details: Emerge Education is a venture capital firm focused on the education technology sector. It aims to improve educational outcomes and access through its investments.
- Investment Focus Areas: Education technology (EdTech), companies enhancing educational access, quality, and outcomes.
- Notable Investments: Aula, Unibuddy, BibliU.
- Angel Investors
- Details: This group includes current and former leaders from major tech companies such as Microsoft, Facebook, Slack, Farfetch, and GoCardless. They bring valuable industry experience and networks to Academy.
- Investment Focus Areas: Technology, leadership development, diversity and inclusion.
- Notable Investments: Specific notable investments by individual angel investors are not detailed, but they are associated with major tech companies.
What's Next for Academy?
Academy stands at the cusp of a significant opportunity to reshape the tech industry by training a new generation of diverse leaders. With its zero-tuition, grant-funded model, Academy is poised to attract top talent from various backgrounds, making tech careers accessible to many. The company's partnerships with high-profile tech firms and investors further amplify its potential for growth.
Future fundraising rounds seem likely as Academy scales its operations to meet the growing demand for tech talent. However, challenges such as maintaining high selectivity and ensuring sustainable funding for its training programs could pose hurdles. Navigating these challenges will be crucial for Academy's continued success.
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