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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

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.

January 8, 2019

Lambda School raises a $30,000,000 series B round from GV, GGV Capital, Sound Ventures, Bedrock Capital and Y Combinator.

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.

October 2018

Lambda School raises a $14,000,000 series A round from GV and Stripe.

February 2018

Lambda School raises a $4,000,000 seed round from Tandem Capital and Y Combinator.

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



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News

Title
Author
Date
Publisher
Description
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