- General
- July 20, 2018
- 4 minutes read
Galvanize is acquiring immersive coding school Hack Reactor as it closes $32 million Series C funding
image credit : Galvanize Top technology workforce educator Galvanize has now announced it will be acquiring renowned coding school Hack…
image credit : Galvanize
Top technology workforce educator Galvanize has now announced it will be acquiring renowned coding school Hack Reactor in a move which will merge the two technology focused education providers into one of the largest co-working and accelerated education providers.
Galvanize is also closing on its Series C round along with this move raising $25 million in addition to a previous $7 million raised in a round led by Catalyst Investors with participation from Maryland based VC New Markets Venture Partners along with other existing investors.
Galvanize currently has locations across the cities of Austin, Denver, Boulder, Seattle, New York, Phoenix and San Francisco and has now raised a total of $117 million for its unique education service which has seen over 2000 graduates since its start with many of them heading to top tech companies and also starting companies of their own.
Entrepreneurs among Galvanize’s membership network has notably raised over $4 Billion in capital for a vast number of startups which stands as a very good record for the Colorado based innovative education institution.
“When searching for the right organization, Galvanize emerged as the best possible partner, with complementary strengths in community, software engineering, enterprise partnerships, data science, and a shared focus on quality education,” said Hack Reactor CEO, Harsh Patel. “This deal ensures we continue delivering the best possible education to the students and create vibrant community destinations – on campuses and online – that connect entrepreneurs, alumni, enterprise partners and students.”
Hack Reactor’s software engineering program is one of the most renowned across global tech companies with Hack Reactor currently having recruiting partnerships with several major names including Uber, Cisco, PayPal, Google, LinkedIn, Asana, Apple and Zenefits among others.
Hack is known to have raised a venture round of $950,000 January last year and notably started in 2012, the same year Galvanize also began its programs with this merger being a good move for the two organizations looking to meet with growing demand from its enterprise customers.
“From the beginning, we saw a clear compatibility through a shared passion for innovative, high quality instruction combined with measurable outcomes and we are thrilled to welcome the Hack Reactor team to the Galvanize family,” said Galvanize CEO, Al Rosabal. “This combination continues to position Galvanize as one of the largest, fastest-growing and highest quality immersive technology education providers focused on delivering extraordinary outcomes for students, members and enterprise partners.”
