‘Codecool’ coding-school raises €3.5 million in Series B funding

Rapid pace of innovation, new technologies and the digitalisation of almost all segments of the economy pose a huge recruitment challenge for companies all over Europe.

Rapid pace of innovation, new technologies and the digitalisation of almost all segments of the economy pose a huge recruitment challenge for companies all over Europe. The number of job vacancies requiring digitally skilled workers is estimated to rise to 700,000 by 2020 on an EU level. To tackle these challenges, Budapest-based IT education startup Codecool launched a disruptive model for training coding and other digital skills three years ago. The recipe proves to be successful as the company now adding €3.5 million of Series B round venture capital – provided by Lead Ventures and Portfolion – funding to finance its European expansion.

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