SA Edtech Startup HyperionDev Secures $3.5m in Series A Funding
Previously funded by Facebook and Google, the firm has secured a ZAR50 million fundraising round, the majority of which was raised via CrowdCube, a crowd investing platform. HyperionDev used the platform to raise ZAR37.2 million (US$2.6 million), more than double its initial goal.
HyperionDev will utilise the funds to launch the next phase of its planned development into the United States (US) and United Kingdom (UK) markets, following its success in Africa, where revenue has increased by 640 percent since 2018. During the COVID-19 lockout, the number of active users increased by 254%.
“We believe that our coding bootcamps are the best way to close the growing global tech skills gap, and with this wave of support we are one step closer to fulfilling our mission in the US and UK markets,” said Moola.
The Continuous Wealth Decline of Patrice Motsepe: A Further Loss of $100 Million
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