HyperionDev, South African Edtech Startup Raises $5 Million to Expand Operations

HyperionDev, an African Edtech start-up, has secured a $5 million fund to further expand its operations in Africa. The partners behind the funding have not yet been disclosed.

The company only emphasized that the combined funding attracted 23 investors from several countries.

What Does HyperionDev Do?

HyperionDev, founded in 2012, offers specialized, and mentored coding boot camps. The program takes place either online or on-site at its campuses. It aims to help students develop job-ready tech skills for careers in technology.

The firm has one of the best resources for a new tech career. This includes mock interviews and assistance with polishing CVs and developer portfolios. Also, professional interview tips from the in-house career services team are involved.

HyperionDev To Further Expand With The New Funding

According to HyperionDev, it will use the funds to expand its South Africa & UK operations and enter new markets. Also, to expand its offerings and drive access to impactful tech education to all learners. The firm emphasized its ability to grow and stated it is perfectly placed for rapid growth.

The growth claim follows the online edtech revolution that bloomed during covid. The company saw 640% revenue growth since 2018, while lockdown saw the company record 254% growth in active users.

The new investment will fund and promote the expansion of its educational offerings and scholarship programs. The program includes HyperionDev Academy.

Riaz Moola, CEO and founder of HyperionDev says: “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.”

Moola highlighted how thrilled the company is to utilize the funding to enhance its impact, especially in South Africa. The firm’s mission is to make tech education accessible to all globally.

Positive Impacts of HyperionDev Partnerships

The collaboration between HyperionDev and global partners has enabled the company to broaden its horizons and solidify its position as a global edtech leader. Additionally, the company seeks to partner with more university institutions on a global level. These partnerships will strengthen digital skills development and improve the skill sets of learners across the country.

The edtech firm ascertained that its programs have empowered over 2,000 graduates to get tech jobs in fintech startups. The startups include Chip, Amazon, Barclays, and GSK, as well as government entities such as the Home Office, the Department for Work and Pensions, and the NHS.

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