Indonesian Coding Bootcamp Hacktiv8 Raises $3 Million to Build More Schools, Set Up ISA Program

Indonesian Coding Bootcamp Hacktiv8 Raises $3 Million to Build More Schools, Set Up ISA Program

Jakarta-based Hacktiv8, a coding bootcamp that transforms beginners into full-stake developers, has raised $3 million in a pre-series A round led by early-stage VC firm East Ventures.

The funding round was joined by Sovereign’s Capital, SMDV, Skystar Capital, Convergence Ventures, RMKB Ventures, Prasetia, and Everhaus.  

Founded in 2016 by Ronald Ishak and Riza Fahmi, Hacktiv8 provides a platform that turns absolute beginners into job-ready web developers in 12 weeks. It offers immersive onsite program with curriculum designed to build expertise that can directly be applied to the development of the world of work. As part of the program, students learn JavaScript, Node.js, Vue.js, and Facebook’s React framework through hundreds of hands-on lab exercises.

Hacktiv8 aims to alleviate the developer crunch in Jakarta with the emerging trend of tech companies and improve the standard of web developers in Indonesia. The startup’s bootcamp model allows students to spend around 10 to 12 hours a day and five to six days a week learning for a period of roughly 12 to 18 weeks. Hacktiv8 offers full stack program (18 weeks), part-time program (evening class or weekend), as well as online program (3 months), and students have the option to choose the program according to their needs.

The company claims its students typically receive multiple job offers with an average gross salary of IDR11 million (roughly US$800) within two to three weeks of graduation.

“If our graduates get a well-paying job, we will earn a good return on our investment,” Hacktiv8 co-founder and CEO Ronald Ishak explained.

Hacktiv8 plans to use the fresh funds to build more schools and set up the first Income Share Agreement (ISA) program in Indonesia, providing an alternative to traditional student loans.

Emphasizing on the need of such developer bootcamp in the country, Willson Cuaca, Managing Partner of East Ventures, said,

“Indonesia is one of the countries with a low number of engineers per million population. To fill the talent gap of Indonesia’s burgeoning digital economy, developer Bootcamp such as Hacktiv8 is the only quick solution.”

Hacktiv8 claims to have close to 8,000 applicants and collaborates with 250 hiring partners, including tech unicorns like Tokopedia, Gojek, and Bukalapak, and financial service companies such as Midtrans, Payfazz, Xendit, and KoinWorks. The company also works with corporations such as CIMB Niaga, Hana Bank, and Siloam for scholarship programs.

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About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

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