​Lambda School Raises $4M to Expand Income-Sharing Options for Coding...

Digital Learning

​Lambda School Raises $4M to Expand Income-Sharing Options for Coding Students

Jan 31, 2018

LAMBDA FUNCTIONS: Coding bootcamp Lambda School has raised $4 million in a seed round led by Y Combinator and Tandem Capital. The San Francisco-based startup offers two main courses: a full-time, six-month course on computer science, as well as a one-year (part-time) or six-month (full-time) machine learning program. Both offerings are synchronous online courses.

According to a press announcement, the latest funding round will be used to “cover the cost” of the program for “thousands of individuals who are looking for new opportunities.”

Started in 2017, Lambda School also announced that it has graduated its first class of 20 students. Some of those graduates won’t pay their tuition just yet, however, as Lambda offers a tuition financing model where graduates pay back a portion of their salary after finding a developer job that pays at least $50,000 per year. The model, known as income-share agreements, sets a maximum repayment cost of $30,000 for both programs. Students can also choose to pay their tuition up-front for $20,000.

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