Galvanize raises $45 million to expand access to web and data science courses

Chloe Aiello

Aug. 15, 2016, 1:34 p.m.

Galvanize's Golden Triangle office in Denver. Courtesy of Galvanize. — Galvanize's Golden Triangle office in Denver. (Courtesy of Galvanize)

Denver-based tech education and co-working start-up Galvanize announced $45 million in additional investment funding Monday.

The money came mostly from Baltimore-based ABS Capital Partners, with additional contributions from Colorado Impact Fund, Haystack Partners, Greg Maffei, Aspen Grove Capital and University Ventures — which has funded the company in the past.

“With ABS as our partner, Galvanize will continue to build leading web development and data science technical education programs and provide needed tech talent to industry partners to meet their continuous skill needs,” Galvanize CEO Jim Deters said in a statement.

Galvanize will use the funding to open its web development and data science programs to more students to address employers’ needs to train existing employees.

Two years ago, Galvanize had 150 members working on its campuses—today, that number is more than 700, thanks in-part to the $18 million in funding it raised in 2014 with University Ventures.

(Denverite is one of those members.)

As part of the deal, ABS general partner Paul Mariani will join the Galvanize Board of Directors.

Multimedia business & healthcare reporter Chloe Aiello can be reached via email at [email protected] or twitter.com/chlobo_ilo.

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