Galvanize raises target from $5M to $9M

The first Galvanize spot opened at 11th and Delaware. Photo by Burl Rolett.

The first Galvanize spot opened at 11th and Delaware. Photo by Burl Rolett.

Galvanize has upped the ante on its latest capital raise.

Denver-based Galvanize disclosed that it has raised $6.2 million in three months, according to a document filed with the SEC on April 8.

It also has lifted its funding target for this raise, which opened in January, from $5 million to $9 million.

The company lists eight shared office spaces, including two in Denver, on its website. It also manages a venture-capital fund that invests in up-and-coming technology companies, and teaches computer science and design courses.

Through a public relations spokesperson, Galvanize declined to comment.

According to paperwork filed last Friday, three investors have contributed to Galvanize’s offering so far, which is in the form of debt and securities to be acquired upon the exercise of a derivative.

Galvanize office rents vary by location. Companies working out of its flagship location in the Golden Triangle pay $300 a month per seat, compared to $350 at its Platte location. Galvanize also rents desks for small groups and suites for up to 20 people.

In a second line of business, the company teaches data, design and software engineering courses. Students pay $21,000 for 24-week courses and $16,000 for 12-week courses. Eight-week web design classes cost $1,500.

Galvanize also runs a 12-month master’s degree program in San Francisco with the University of New Haven.

Finally, through its VC arm, Galvanize has invested in local startups, including Notion, RxRevu and Parkifi.

The first Galvanize spot opened at 11th and Delaware. Photo by Burl Rolett.

The first Galvanize spot opened at 11th and Delaware. Photo by Burl Rolett.

Galvanize has upped the ante on its latest capital raise.

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