Total amount raised
$270K
Latest funding date
11/01/2016
Location
Title
HyperionDev has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a range of coding bootcamps designed to equip students with essential tech skills.
Keep reading to delve into the details of HyperionDev's funding journey and the investors who believe in its mission to transform tech education.
What Is HyperionDev?
HyperionDev, founded in 2012, is a leading provider of coding bootcamps designed to help individuals transition into tech careers. Based in Cape Town, South Africa, the company offers flexible learning options, including online, on-site, and hybrid programs.
Founded by Riaz Moola, HyperionDev specializes in various fields such as Data Science, Software Engineering, Web Development, Cyber Security, Digital Marketing, and AI Engineering. The company emphasizes career development, professional code reviews, and accessible education to ensure students are job-ready.
With a dedicated team of over 100 employees, HyperionDev continues to expand its reach and impact in the tech education sector, helping countless students achieve their career goals.
How Much Funding Has HyperionDev Raised?
- First Funding Round
- Amount Raised: R1.3 million
- Date: Earlier in 2016
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support the growth and development of Hyperion Development's educational offerings.
- Second Funding Round
- Amount Raised: R3.2 million
- Date: October 14, 2016
- Lead Investors: Facebook (via Internet.org Innovation Challenge)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Hyperion Development's offerings more rapidly and internationally, and to accelerate the growth of the business.
Total Amount Raised: R4.5 million
Current Valuation: Not publicly disclosed
Key Investors
- Facebook
- Details: Facebook is a global social media and technology company known for its social networking platform. It was founded by Mark Zuckerberg in 2004.
- Investment Focus Areas: Technology, social media, connectivity initiatives
- Notable Investments: WhatsApp, Instagram, Oculus VR
- Google
- Details: Google is a multinational technology company specializing in Internet-related services and products. It was founded by Larry Page and Sergey Brin in 1998.
- Investment Focus Areas: Technology, Internet services, educational initiatives
- Notable Investments: YouTube, DeepMind, Waymo
- CapaCiti
- Details: CapaCiti is a skills development and training organization based in South Africa. It focuses on bridging the skills gap in the technology sector.
- Investment Focus Areas: Skills development, training, technology
- Notable Investments: Not publicly disclosed
- The South African Department of Science and Technology
- Details: This is a government department responsible for scientific research and technological development in South Africa. It aims to promote innovation and scientific advancement.
- Investment Focus Areas: Scientific research, technological development, innovation
- Notable Investments: Not publicly disclosed
- The TK Foundation
- Details: The TK Foundation is a private foundation that supports non-profit maritime and youth development programs. It was established in honor of J. Torben Karlshoej.
- Investment Focus Areas: Maritime programs, youth development
- Notable Investments: Not publicly disclosed
What's Next for HyperionDev?
HyperionDev stands at the cusp of significant growth, driven by the increasing demand for online education and programming skills. With substantial funding from tech giants like Facebook and Google, the company is poised to expand its course offerings and scale internationally. This growth is further bolstered by their commitment to providing free courses to low-income or unemployed youth in Africa, enhancing their social impact.
Future fundraising opportunities appear promising, with potential additional funding from organizations like CapaCiti and The South African Department of Science and Technology. However, challenges such as maintaining educational quality while scaling and competing with other online education platforms remain. Navigating these hurdles will be crucial for HyperionDev's sustained success.
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