Matthew Siu

US-based online coding school Lambda has closed a $30-million Series B funding round led by Bedrock Capital, according to a Medium post by the investor.

Bedrock commented that Lambda will build "an unstoppable company unlike any the world has seen". Lambda is targeting to solve the whopping $1.4-trillion student loan issue through Income Share Agreement (ISA), an education financing structure that the US legalised in 2014.

Bedrock called Lambda an "income accelerator", saying: "Since we began getting to know Lambda School over the summer, we've gained high conviction that founders Austen Allred, Ben Nelson, and the fast growing Lambda team have the one-of-a-kind wherewithal to pull it all off."

Bedrock was co-founded by Geoff Lewis, a former partner at Founders Fund that invested in Lyft, in 2017.

The firm closed its debut fund at its $127-million hard cap and focuses on Series A, B and C investments. Its current portfolio includes Cameo, Unsplash, RigUp and The Athletic, in addition to Lambda.

• Lambda SchoolLambda School

• Lambda School

Synapse is a recruiting company specializing in finding staff for blockchain and cryptocurrency companies. Although the company is based out of CanadaCanada, it recruits and places talent globally.