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Lambda School

Lambda School

U.S-based e-learning platform teaching coding, UX, and data science.

Lambda School is a company providing an e-learning platform for aspiring students in the field of computer science. The company was established in 2017 by Austen Allred and Ben Nelson. Lambda School aims to provide an educational platform where students are not charged a tuition fee when they start; they would instead pay 17% of their income for two years in exchange after graduation, and only if they earn more than $50,000/year. Lambda School is based in San Ramon, California and is operating in the United States and European Union.



Service

Lambda School operates a distance-learning program in five fields: full-stack web & computer science, iOS development & computer science, data science, android development & computer science, as well as UX design. Students have two payment options: post-graduation as explained above with a maximum payment of $30,000 in total, or at the start of their studies where they would have to pay a $20,000 fee. All classes run for 9 months when attended on a full-time basis, and twice as long on a part-time basis.



Funding

Since its founding year, Lambda School has managed to raise $48.1 million in capital through five funding rounds. Its most recent funding round was a Series B held in January 2019, which amassed $30 million. As of March 2019, Lambda School has received funds from 30 investors, with six of them as lead investors. Its most recent investors include Y Combinator, Vy Capital, Ashton Kutcher, GGV Capital, and GV.

Timeline

March 18, 2019

Lambda closed a $30-million Series B funding round led by Bedrock Capital.

Since its Series A investment, Lambda has been expanding its course offerings and employer network.

October 2018

Series B

Lambda School closed a $14-million Series A funding in October 2018 led by GV (formerly Google Ventures) with participation from Stripe.

Funding rounds

3 Results
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People

Name
Role
LinkedIn

Alan Doan

Investor



Alan Glennon

Investor



Alan Rutledge

Investor



Alden DoRosario

Investor



Alex Billingsley

Investor



Andrew Madsen

Employee



Austin Allred

CEO



Ben Nelson

Founder



Benjamin Bryant

Investor



Boris Jabes

Investor



Bryan Rosenblatt

Investor



Caleb Hicks

Employee



Christina Yang

Investor



Eugene Zhang

Investor



Heston Williams

Investor



Jocelyn Robancho

Employee



Joey Krug

Investor



Johan Santoso

Investor



Justin Mark OBrien

Investor



Justin Waldron

Investor



Kamiar Kordari

Investor



Kanjun Qiu

Investor



Karn Saroya

Investor



Keith Wasserman

Investor



Matt Dorband

Investor



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