Berlin & Los Angeles


CareerFoundry Raises $5m - Launches World’s Largest Learning Community for Tech Careers

BERLIN, Germany, April 19, 2016: Closing its A round with funding of $5m, Berlin-based CareerFoundry, an online school for web development, iOS development, UX and UI design is building the largest learning community for tech careers. Working with hundreds of employers worldwide to place its alumni in paid jobs, CareerFoundry does not just guarantee its students jobs in their chosen field, but jobs they’ll love.
An antidote to the traditional classroom, CareerFoundry has put community at the heart of education, with its own  community boasting several thousands of actively engaged students, mentors and employers globally. The company has just closed their A round with $5m in funding from Tengelmann Ventures, Bauer Venture Partners and IBB Beteiligungsgesellschaft, support that the online school will use to further strengthen its unique learning community for tech careers.

CareerFoundry’s community provides students, mentors and employers with a global network to tap into for employment opportunities; it is also hub of brilliant minds who work together to accelerate learning and facilitate each member’s success. With expert mentors hailing from tech giants Apple and Amazon coaching students one on one, its alumni have gone on to work for the likes of AT&T, Donna Karen and Wagepoint, to name a few.
Due to the success of its students - and the exponential demand for these skills in the marketplace - CareerFoundry has introduced a Job You Love Guarantee: a full refund of course fees if a student isn’t placed in a job they love within 6 months of graduating. This is the first worldwide money back guarantee offered by any tech bootcamp. It demonstrates the impeccable track record of CareerFoundry’s product and the quality of the alumni it produces. Raffaela Rein, CEO of CareerFoundry said: 

“Building on the track record of our alumni pool, we are excited about the next stage of CareerFoundry’s journey. Going forward we’ll be sharpening our focus on community, student success and employer relations.”
Having supported the company during its latest significant period of growth, Franziska Schaefermeyer, Investment Manager of Tengelmann Ventures, said: 

“We were excited to see CareerFoundry’s student growth of more than 1000% in the last 12 months and look forward to our continuing partnership as the company creates the biggest pool of tech talent globally, ready to fill the millions of vacant jobs in the industry.”

CareerFoundry is an online learning platform, a destination for tech students to build lifelong careers and shape the future of the tech industry. https://careerfoundry.com/en/

Tengelmann Ventures  is a 100% subsidiary of the Tengelmann Group and one of the leading venture capital investors in Germany. It has more than 40 shareholdings, among them early-stage-investments like Zalando, Delivery Hero, Stylight and ekomi. http://www.tev.de/en/

Bauer Venture Partners Bauer Venture Partners (BVP) Bauer Venture Partners (BVP) is a Hamburg-based venture capital investor focusing on later stage digital media and publishing tech startups in Germany and the Nordics. www.bauerventurepartners.vc.

IBB Beteiligungsgesellschaft IBB Beteiligungsgesellschaft provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. ibb-bet.de 

For more information please contact:                  

Tim Fahrendorff, Business Development Officer
tim@careerfoundry.com Tel: +49 30 4849 2016

Justin Merino