Coderstrust, a Danish edtech company providing affordable education and job opportunities in emerging markets, has raised fresh capital in a new funding round to continue its goals of providing accessible education to those in need.
While Coderstrust did not disclose the amount of funding in its press statement, the Copenhagen-based reportedly raised €625K from JBO Invest Holding and VækstFonden.
Founded in 2014, Coderstrust offers digital and soft skills courses, enabling people to acquire necessary skills and build financial independence for themselves and their families. The company is dedicated to training all societal groups in both digital and soft skills to help them navigate the digital ecosystem. Its students are mentored from education to successful introduction into online work or digital freelancing.
Coderstrust aims to introduce the Coderstrust ecosystem of education and job creation on a global scale, with a particular focus on the Global South. So far, the company has trained more than 14,000 people globally and continuously looks to expand its impact in emerging markets.
Commenting on the funding it received, Mads Galsgaard, CEO of Coderstrust, said in a statement,
“We’re honoured to have received the funding to scale up educating those who are most in need. Now, more than ever, online education and remote work is a crucial aspect of the global economy and workforce.”
Coderstrust offers 16 digital and soft skill courses, including Python, Java, Graphic Design, Business Communication, Animation, Search Engine Optimization, Video Editing, Faceboob ad management, etc. The company claims that since the launch of its online academy, https://academy.coderstrust.com, in March 2020, 8,000 new students have signed up to learn its courses.
Jørgen Balle Olesen, Founder of Saxo.com, which was sold in 2019, and CEO of JBO Invest Holding, said,
“Coderstrust focuses on the United Nations Sustainable Development Goals (SDGs) to provide quality education, economic growth, and reduced inequalities in an innovative way using the power of digitization. It’s a company that I believe in and look forward to seeing grow and succeed.”
Carsten Hjelde, the founder of Coderstrust’s majority shareholder Acini Capital, also commented on the latest funding saying,
“We have invested in Coderstrust since 2017 and have continuously seen the improvements and progress of the company. We are very thankful that JBO Invest and VækstFonden acknowledge, and support the good work. This will allow Coderstrust to scale, and train even more people to financial independence, no matter where they are born.”
Acini Capital is a leading impact investor with a focus on education and employability, particularly for young women in the Global South.
According to Crunchbase, Coderstrust has last raised an undisclosed amount in March 2018.