Austin based coding bootcamp online lender Skills Fund has raised $11.5m of Series Seed financing, led by Iowa Student Loan. The startup partners with Dev Bootcamp, Metis, Galvanize, Hackbright Academy, CodeU and Sabio. Skill Fund’s goal is to train students to fill the millions of high-paying, unfilled tech jobs in the U.S.
“We believe it is important for students to know before they apply for a loan exactly what their financing options and costs will be,” she said. “Thus once a boot camp determines which options best suit their students, all of their students are offered the same interest rates and terms.” Roughly 16,000 students will complete a coding or skills boot camp this year, Course Report estimates. The sector is enjoying a broad range of political support, in part because boot camps chip away at what many policy makers feel are traditional higher education’s failings in job training and closing the skills gap.