Educative, an interactive hands-on skill development platform for software developers and the companies that employ them, today announced a $12 million Series A fundraising round. Matrix Partners led the round with additional funding from new and returning investors, including Trilogy Equity Partners. Lookout founder Kevin Mahaffey, Mercury.com founder Immad Akhund, Segment founder Ilya Volodarsky, and several other angel investors also participated.
Educative has more than 550,000 developers who use the platform, as well as an additional 1.5 million learners monthly that tap into its free database of short, concise articles on dev topics. The infusion of funding will enable Educative to accelerate its growth in the B2B space where companies including LinkedIn, Samsung, Ford, Visa, GE, and VMware leverage the company’s proprietary technology to onboard new engineers, upskill existing ones, and develop their engineering managers. The company will more than triple their course offerings in 2021 and expand customizable training offerings for teams and enterprises looking to expand the skills of their employees. Educative also plans to hire more than 200 new employees to fuel growth across their global customer base.