Y Combinator (W21) backed Turing College has raised an additional $1.05 million in seed funding. The Vilnius-based school has proven its training methods to be efficient and effective, and with the additional capital, plans to expand into the Dutch and Estonian markets. To date, Turing College has raised a total of $2.5 million.
Founded in 2020 by Lukas Kaminskis, Benas Sidlauskas, and Tomas Moska, 70% of Turing College's staff are data science experts themselves and are directly addressing a frightening statistic. According to The European Data Market Monitoring Tool, “We estimate a potential data skills gap of approximately 484,000 unfilled positions in the EU27 by 2025, corresponding to 5.7% of total demand, as demand will still grow faster than supply.”
While constructed around a self-paced model, Turning College estimates coursework to conclude in approximately 9 months. Upon graduation, the company has hiring partnerships in place with a number of major players in the tech, biotech, cybersecurity, and aviation industries and provides active assistance in putting students' new knowledge to good use.
The first learners began classes in November of last year, and 3 different batches, totaling 70 students from Lithuania, the Netherlands, Serbia, Ireland, Nigeria, and Latvia are now active. According to Turing College, 21% of these students have already secured gainful employment upon completion of their studies.
“Our learning platform is now developed and successfully road-tested. This means it is now time to bring our offering to other countries across Europe. Initially, we will be focusing on the Netherlands and Estonia. Because we are community-based, and (conditions permitting) our program includes physical meetups and social events, rolling out our offering means building new communities of learners in the countries we are expanding to,” commented CEO and co-founder Lukas Kaminskis.
The additional seed funding round was led by Iron Wolf Capital and saw participation from Spring Capital as well as a number of angel investors including Juan Benet, founder of Protocol Labs, and Outschool co-founder Mikhail Seregine.