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

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Lambda School Series B round
30,000,000
January 8, 2019
6 Results
Results per page:
Page 1 of 1

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

Page 1 of 2

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Berber Jin
November 9, 2020
Business Insider
These 100 venture capitalists don't work for the big-name Silicon Valley firms, but are changing the face of early-stage startups.
Anthony Ha
August 21, 2020
TechCrunch
We dive into Palantir's finances, Apple fires back against Epic Games and Lambda School raises funding. This is your Daily Crunch for August 21, 2020. The big story: Palantir docs show $579M net loss Danny Crichton got a hold of the confidential S-1 filing for secretive data analytics company Palantir and has been unpacking the [...]
Ingrid Lunden
August 21, 2020
TechCrunch
In the world of technology, online learning has been one of the bigger beneficiaries of the last several months, with people staying home and away from their normal routines because of the coronavirus pandemic and using that time to expand their knowledge, or more critically, figure out what to do next if they want to change [...]
Natasha Lomas
April 22, 2020
TechCrunch
Online coding bootcamp Lambda School is the latest startup to announce layoffs, writing in a blog post that it's made the "difficult decision" to cut 19 staff from roles across the company. The eight members of its executive team, including CEO and founder Austen Allred, are also taking a 15% pay cut, it said. Today [...]
Lucas Matney
February 26, 2020
TechCrunch
The student loan crisis in the U.S. has left venture capitalists searching for novel approaches to financing higher education, but can the same systems designed for helping coders in Silicon Valley get jobs at Google help underserved students in developing countries become part of a global work force? Similar to the buzzy San Francisco startup [...]
Josh Borts
February 21, 2020
BetaKit
Josh Borts, co-founder of Canadian coding bootcamp Lighthouse Labs, shares his thoughts on the Lambda scandal and the education industry's need for innovation.
Zoe Schiffer
February 12, 2020
The Verge
Lambda School CEO Austen Allred previously said the company didn't make money until students started landing jobs. Now, they're selling shares of ISAs to investors.
Zoe Schiffer
February 11, 2020
The Verge
Students at Lambda School, a coding bootcamp that famously allows its enrollees to defer tuition for an income-sharing agreement (ISA), say the program hasn't delivered on its promise. Now, those students are trying to get out of those contracts -- and out of class.
Austen Allred
October 10, 2019
Harvard Business Review
The founder of Lambda School on its experiment with income-sharing agreements.
Nguyen Thi Bich Ngoc
Invalid Date
DealStreetAsia
The online coding school is said to be valued at $150 million after the Bedrock Capital-led financing.

References

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