Bloom Institute of Technology

Bloom Institute of Technology

Online coding school offering job-ready skills

Overview

BloomTech provides online tech education focused on practical coding skills. It offers programs in web development, data science, and software engineering, with a Tuition Refund Guarantee that refunds the entire tuition (including fees and lender interest) if a graduate does not secure a job, plus a 10% refund to the student. How it works: students learn through hands-on coding projects with daily support from peers, staff, and instructors, and the curriculum is tailored to meet employer needs to ensure graduates are job-ready. Revenue comes from tuition, and the refund guarantees reduce financial risk for students while aligning BloomTech’s success with student outcomes. Differences: a clear, risk-mitigated financial model and employer-informed curriculum that emphasizes real-world skills and job placement. Goal: to help people break into tech and secure employment by delivering practical, job-ready training in an online format.

YC Company

About Bloom Institute of Technology

Simplify's Rating
Why Bloom Institute of Technology is rated
D+
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D- on Differentiation

Industries

Consumer Software

Education

Company Size

201-500

Company Stage

Series C

Total Funding

$122.3M

Headquarters

San Francisco, California

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Amazon partnership expands recruitment pipelines for enterprise clients.
  • Shift to student loans reduces regulatory risk and broadens financing access.
  • AI-driven programs and flexible 6-18 month schedules capture high-growth demand.

What critics are saying

  • MBG lawsuit forces refunds, operational shutdown in 3-6 months.
  • California AG, FTC investigations revoke license, freeze assets in 6-12 months.
  • Bootcamp saturation by General Assembly erodes enrollment in 12-18 months.

What makes Bloom Institute of Technology unique

  • Tuition Refund Guarantee refunds full tuition if no job secured.
  • Amazon co-developed 9-month Backend Development program validates curriculum.
  • 90% job placement rate with $27,500 median salary increase for 2021 graduates.

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Funding

Total Funding

$122.3M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$74M
Bloom Institute of Technology
$100M
Oura

Company News

Miner, Barnhill & Galland, P.C.
Mar 16th, 2023
MBG Files Class Action Lawsuit Against For-Profit Coding Bootcamp BloomTech Over Fraudulent Advertising, Operating and Lending Without State Approval | Miner, Barnhill & Galland, P.C.

The students allege that Lambda—a for-profit, unaccredited computer coding bootcamp started in 2017—misrepresented post-graduation job placement rates, operated without necessary state approval, and engaged in illegal lending practices under California law.

Sifted
Jul 1st, 2021
Coding school Microverse raises $12.5m to fix “racist” hiring practices

The startup trains coders in developing economies using an Income Share Agreement model

San Francisco Chronicle
May 13th, 2021
Lambda School has issues with deceptive payment practices

Lambda School, a coding academy, is the target of an arbitration claim in S.F. that lawyers say bilked students of tens of thousands of dollars with deceptive payment practices.

EdSurge
Aug 24th, 2020
Coding Bootcamp Lambda School Lands $74 Million and CA Approval — With a Concession

Tech jobs pay well, and companies that train people for them have been enjoying a payday. Earlier this month, coding bootcamp provider Springboard ...

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