This brings the total Series A to $16.5M. The extension came from existing investors Rubio Impact Ventures, Northzone, General Catalyst, All Iron Ventures and business angels, and is further complemented by new investor, True Equity.

The new funding has more than doubled the company’s valuation and will enable them to keep building on their mission of connecting international talent to job opportunities worldwide. The investment will also allow Microverse to continue to scale and meet soaring demand. The company expects to double its team over the next 18 months to continue helping unlock more of the world’s untapped potential.

Microverse links students across the globe, with a focus on developing countries, by bringing together skills and opportunities in the fast-growing technology sector. It teaches students to code through collaborative, cohort-based learning and offers a curated curriculum tailored to prepare them for the world of remote and international work. Africa and Latin America make up 75 percent of the students.

Microverse’s model is explicitly designed to support students to learn as part of distributed teams working remotely, with over 90 percent of the job offers received by its students being for remote roles. Its proposition relies on two pillars – a peer-to-peer learning model which mimics the digital remote environment students will face in their career, enabling them to continue learning on the job, and the accessibility of the programme. Microverse is the only school in the world to provide an Income Share Agreement (ISA) available in every country, slashing the barriers to access world-class education, with students paying nothing upfront.

In the last year, Microverse saw the number of applicants to its programme rise from 10,000 to 30,000 every month. So far, more than 1,500 students from over 140 countries have gone through the programme – graduates receive an average salary increase of 300 percent once they complete their studies. Deloitte, HSBC, and Microsoft are among more than 400 companies hiring Microverse’s alumni.

Ariel Camus, Founder and CEO of Microverse, said: “This extension to our Series A validates the progress we’ve been making in helping to build a skilled workforce that is ready to tackle the challenges the job market is currently facing, such as the talent shortage. Our mission is to provide the world’s untapped talent with high-quality education and match them with companies in desperate need of digital talent. We want a million people from developing countries to be part of the global remote workforce by 2030.”

Hugh J. O'Donnell, Managing Partner at True Equity, commented: “True Equity invests in companies that want deep relationships with top leadership talent. Ariel and the team at Microverse recognise the critical role talent plays in company growth and we’re excited to partner with them on this journey.”