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.
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.
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.