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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 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

Lambda School has raised $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 series B investors include Y Combinator, Vy Capital, Ashton Kutcher, GGV Capital, and GV.

Timeline

August 21, 2020
Lambda School raises a $74,000,000 series C round.
August 2020
Lambda School raises a $74,000,000 series C round from Gigafund.
January 8, 2019
Lambda School raises a $30,000,000 series B round from Bedrock Capital, GGV Capital, Sound Ventures and Y Combinator.
October 2018
Lambda School raises a $14,000,000 series A round from Stripe.
February 3, 2018
Lambda School raises a $4,000,000 seed round from Soma Capital and Y Combinator.
February 2018
Lambda School raises a $4,000,000 seed round from Tandem Capital and Y Combinator.

Funding rounds

People

Name
Role
LinkedIn

Alan Doan

Investor

Alan Glennon

Investor

Alan Rutledge

Investor

Alden DoRosario

Investor

Alex Billingsley

Investor

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Lucas Matney
July 1, 2021
TechCrunch
Edtech startup Microverse has tapped new venture funding in its quest to help train students across the globe to code through its online school which requires zero upfront cost, instead relying on an income-share agreement which kicks in when students find a job. The startup tells TechCrunch it has closed a $12.5 million Series A [...]
Rosalie Chan
May 13, 2021
Business Insider
Lambda School offers income share agreements where pupils don't pay until after they get a job, but 3 former students now want out of their contracts.
Ingrid Lunden
May 13, 2021
TechCrunch
Lambda School has attracted a lot of attention, and raised some $130 million in venture funding from an impressive list of investors, for its novel approach to coding education: offering six-month virtual computer science courses for $30,000, with the option of paying for the courses in installments based on a sliding scale that only kicks in [...]
Natasha Mascarenhas
April 30, 2021
TechCrunch
Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader structuring. In a blog post, CEO and founder Austen Allred said that the startup, which raised a $74 million Series C in August, is laying off 65 employees. The roles that were cut span senior product, [...]
Natasha Mascarenhas
December 3, 2020
TechCrunch
Latin America's startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Now that the spotlight has arrived, those same startups need more talent than ever before to meet demand. That's where one seed-stage Buenos-Aires startup wants to help. Henry has created an online computer science [...]
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References

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