Overview

Bloom Institute of Technology offers online education programs designed to help students acquire the skills needed for careers in the tech industry. The programs include web development, data science, and software engineering, focusing on hands-on coding education and real-world projects. Students receive personalized feedback and daily support from instructors and peers, ensuring they are well-prepared for employment. A key feature of BloomTech is its Tuition Refund Guarantee, which promises a full refund of tuition and fees if graduates do not secure a job after completing their program. Additionally, students receive a 10% refund directly, reducing financial risk. This model aligns the company's success with that of its students, as it collaborates with employers to tailor its curriculum to meet industry needs. BloomTech aims to provide accessible, job-ready tech education, making it a strong option for individuals looking to enter the tech workforce.

Simplify's Take

What believers are saying

• Increased demand for online education boosts BloomTech's enrollment opportunities.
• Remote work trends make BloomTech's job-ready programs more appealing.
• Partnerships with tech companies enhance BloomTech's curriculum and job placement rates.

What critics are saying

• Legal challenges could damage BloomTech's reputation and financial standing.
• Competitors addressing social issues may impact BloomTech's market share.
• Recent layoffs and pay cuts indicate potential financial instability.

What makes Bloom Institute of Technology unique

• BloomTech offers a unique Tuition Refund Guarantee for jobless graduates.
• The company provides hands-on coding education with real-world projects and personalized feedback.
• BloomTech collaborates with employers to tailor its curriculum to industry needs.

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Funding

Total Funding

$118.8M

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