A career in software development can be a game-changer for many international workers, especially with growing numbers of companies embracing remote work.
But the cost of learning the skills needed to get such a job.
Microverse Enterprises Inc. is trying to make it easier for aspiring tech workers around the globe to afford the training they need. The San Francisco startup charges $15,000 for its 10-month online coding training curriculum, but it doesn't bill students for tuition upfront. Instead, it lets them pay it off over time. It takes a 15% cut of their monthly salary after they get a job — but only if they get one as a programmer and only if they make $1,000 or more a month.
"We're focused on helping talented individuals around the world prepare for, and connect to, opportunities in (the) global market" for people with tech training, CEO Ariel Camus said in a blog post earlier this year.
Microverse announced Wednesday that it's raised $4 million in an extension to the $12.5 million Series A round it closed in July. Founded by Camus in 2018, the startup plans to use the new funds to double its team over the next year and a half, Silicon Canals reported.
Here's more on its new deal and other Series A funding news from this past week.
HyperTrack Inc., San Francisco, $25 million: WestBridge Capital and Nexus Venture Partners led the round for this provider of a service that helps developers build apps for logistics companies.
Arc Technologies Inc., San Francisco, $20 million: Left Lane Capital led the round for this financial service provider that focuses on startups. NFX Capital, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya Capital Management, Bain Capital Ventures, Soma Capital, Alumni Ventures and Dreamers VC also invested.
Cresicor Inc. (dba Vividly), San Francisco, $18 million: 645 Ventures and Vertex Ventures led the round for this provider of software that helps consumer packaged goods companies manage their promotional activities. Costanoa Partners, Torch Capital and Green Spoon Sales also invested.
Omni Analytics Inc., San Francisco, $17.5 million: Redpoint Ventures led the round for this provider of business analysis software. First Round Capital and GV also invested.
North Beam Inc. (dba Northbeam), San Francisco, $15 million: Silversmith Capital Partners led the round for this provider of marketing analysis and forecasting software for e-commerce companies.
Kaz Inc. (dba Explo), San Francisco, $12 million: Craft Ventures led the round for this provider of business analysis software. Felicis Ventures and Amplo VC also participated.
Microverse Enterprises Inc., San Francisco, $4 million: Northzone invested in the round extension for this provider of software development training courses for international students. General Catalyst, All Iron Ventures and True Equity also participated.
