CareerFoundry Raises $5M Series A to Grow Student Base and Community Around Tech Courses

CAREERFOUNDRY has raised a $5 million Series A round from Tengelmann Ventures, Bauer Venture Partners and IBB Beteiligungsgesellschaft. It plans to use the funding to expand its user base and community. The Berlin-based online school, founded in 2013, offers courses in web development, iOS development, user experience and user interface design. CareerFoundry works with employers to guarantee jobs for its graduates and says that graduates can receive their money back if they do not love the job they are placed in.

In an email to EdSurge, CareerFoundry quotes Franziska Schäfermeyer, Investment Manager at Tengelmann Ventures, who claimed that CareerFoundry's student base had grown 1000 percent in the past 12 months. She expressed excitement over the growth.

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