Coderstrust, a startup providing affordable education and job opportunities in emerging markets, today announces closing a funding round of approximately €625K.
Founded in 2014, Coderstrust educates people in digital and soft skills, giving students an edge in the road to financial freedom through online freelancing. Coderstrust is focusing efforts in the Global South, providing the necessary digital and soft skills courses to ensure that young people can build financial independence for themselves and their families. So far, Coderstrust has educated over 14,000 students, and since the launch of their online academy in March 2020, 8,000 new students have signed up.
The majority shareholder of Coderstrust is Acini Capital from Norway, a leading impact investor with a focus on education and employability, particularly for young women in the global South.
Carsten Hjelde, Acini Capital’s founder said, “We have invested in Coderstrust since 2017 and have continuously seen the improvements and progress of the company. We are very thankful that JBO Invest and VækstFonden acknowledge, and support the good work. This will allow Coderstrust to scale, and train even more people to financial independence, no matter where they are born.”
The new round of funding came from JBO Invest Holding and VækstFonden. The fund works in close collaboration with banks, domestic and international private investors to discover and develop the companies that Denmark cannot afford to miss out on.
Mads Galsgaard, CEO of Coderstrust said, “We’re honoured to have received the funding to scale up educating those who are most in need. Now, more than ever, online education and remote work is a crucial aspect of the global economy and workforce.”
CEO of JBO Invest Holding, Jørgen Balle Olesen said, “Coderstrust focuses on the United Nations Sustainable Development Goals (SDGs) to provide quality education, economic growth, and reduced inequalities in an innovative way using the power of digitization. It’s a company that I believe in and look forward to seeing grow and succeed.”