In a move to fortify its position as a leading player in tech education, HyperionDev, a local provider of specialized, mentored coding boot camps, has announced a substantial investment influx of R95 million. This latest injection brings the total growth investment garnered by the company to an impressive R595 million ($31 million)
While the identity of the investors behind this round remains undisclosed, HyperionDev revealed that the funding was sourced from a consortium of 23 investors spanning multiple countries. The company intends to utilize these funds to fuel the expansion of its operations both in South Africa and the UK, as well as to penetrate new markets. Moreover, the investment aims to facilitate the broadening of its educational offerings and enhance access to impactful tech education globally.
According to a statement released by HyperionDev, the funds will be allocated towards bolstering existing educational programs and scholarship initiatives, including the HyperionDev Academy. CEO and founder Riaz Moola expressed enthusiasm about the investment, stating, “Securing this funding marks the beginning of another exciting new chapter for HyperionDev. It reinforces the vital role of skills development in today’s digital age.”
HyperionDev’s collaborations with esteemed institutions such as the UK’s Department for Education, as well as partnerships with entities in North America, France, and Spain, underscore its ambition to establish a global footprint in tech education. Moola emphasized the company’s commitment to enhancing its impact, particularly in South Africa, with a mission to democratize access to tech education.
Founded in 2012, HyperionDev has garnered recognition for its specialized, mentor-led coding boot camps, offered both online and on-site at its campuses. These programs are tailored to equip students with job-ready tech skills, preparing them for careers in technology. The company has forged strategic partnerships with renowned institutions worldwide, including Imperial College London and The University of Manchester in the UK, and Stellenbosch University in South Africa.
HyperionDev proudly reports that its programs have empowered over 2,000 graduates to secure employment in various tech roles, spanning from start-ups to government agencies and FTSE-100 companies. Notable employers of HyperionDev graduates include fintech company Chip, tech giants Amazon and Barclays, as well as governmental bodies such as the Home Office and the Department for Work and Pensions.
The company’s ambitious expansion plans, coupled with its track record of producing job-ready tech talent, position HyperionDev as a key player in addressing the growing demand for skilled professionals in the technology sector. As it continues to scale its operations and broaden its reach, HyperionDev remains steadfast in its commitment to fostering digital skills development and enhancing employability on a global scale.