Based on the premise that anyone can code, Amsterdam-based Winc Academy has raised $3 million in a seed funding round. The platform has seen a sharp uptick in demand, an 8x increase in active students over the past year, this new capital will be used to scale-up operations. Since 2019, the company has raised just $3.3 million.
Addressing, and perhaps staving off the tech specialist shortage gap, Winc Academy is aiming to prepare 20,000 adults for a job as a programmer, data analyst, or other tech careers within a few years. Employing an in-your-own-time and on-your-own-terms method, students attend online courses from home, and the company points to an active community and personal guidance acting as the value-add hook.
These courses vary in duration, anywhere from a few weeks to a half a year, cost on average in the neighbourhood of €2,500, and the average student age hovering around 35. It’s this age factor that clearly indicates that Winc Academy is focusing on a retraining/up-skilling methodology, rather than starting from (almost) scratch with green faces.
Winc Academy’s seed round was led by Rubio Impact Ventures and Dutch Founders Fund, with existing investors Vivid Ventures, the angel investor fund of Heleen Dura-Van Oord also participating.
“In just 3 years, this team has built a scalable edtech platform with very high success rates. By bringing together industry experts, mentors and students, Winc Academy is building a much-needed international marketplace for online education,” commented Dutch Founders Fund‘s Patrick Kerssemakers.
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