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.
“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.