Overview

Bloom Institute of Technology, formerly Lambda School, is an online education platform that trains students for jobs in the tech industry through programs in web development, data science, and software engineering. It features a Tuition Refund Guarantee, which refunds tuition for students who do not find a job after graduation, along with a 10% refund to the student. BloomTech differentiates itself by tailoring its curriculum to meet employer needs and providing hands-on projects with personalized support. The company's goal is to deliver accessible, high-quality education that leads to successful careers in technology.

Simplify's Take

What believers are saying

• Increased demand for online education boosts BloomTech's enrollment potential.
• Remote work trends make BloomTech's tech programs more attractive.
• Growing interest in data science and AI offers curriculum expansion opportunities.

What critics are saying

• Legal challenges could harm BloomTech's reputation and financial health.
• Competitors like Microverse may draw students away from BloomTech.
• Financial instability from layoffs and pay cuts could affect service quality.

What makes Bloom Institute of Technology unique

• BloomTech offers a unique Tuition Refund Guarantee for jobless graduates.
• The curriculum is tailored to employer needs, ensuring graduates are job-ready.
• BloomTech provides hands-on coding education with personalized feedback and real-world projects.

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Funding

Total Funding

$122.1M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$74,000,000

Series C

Aug 2020

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

Ind Avg. $50M

$16M

$40M

$50M

$62M

$74M

$100M

View all funding stages