The pioneer of the Denver coworking movement is using a recent capital raise to beef up online classwork.
Denver-based Galvanize, which operates coworking offices and teaches software development and design courses, said it plans to use a $45 million capital raise to hire coders and to ramp up marketing for online classes.
Chris Onan, the company’s chief financial officer, said the investment will let Galvanize advertise and build online classes for students that can’t attend a full-time course at its buildings.
“Galvanize got its start with the primacy of in-person training,” Onan said. “But a hybrid model, down the road, is probably going to become the future.”
One possibility is students taking an online course to prepare them for an in-person class that’s shorter than Galvanize’s current courses, which include a six-month web developer course for $21,000. Galvanize also offers workshops as brief as four weeks.
Another possibility, Onan said, is for Galvanize alums to subscribe to an online course with the option to drop-in for a class at a nearby campus one night a week.
“For people that have gone through our program, and have a full-time position, the learning’s not done,” he said.
A third focus is making sure employers can find alums. Galvanize has 15 software engineers, Onan said. This year, that group debuted an online database for potential employers to find Galvanize grads available for hire, and to take a look at code they’ve shared on sites like Github.
Onan said Galvanize is not prioritizing opening new campuses. The firm lists nine locations on its website, including one in New York set to open next year.
“A lot of people have said to me, ‘Bet you’re going to do more campuses with that,'” he said. “And I think, probably not.”
According to a company announcement, this funding round was led by Baltimore-based ABS Capital Partners. Colorado-based investors include Colorado Impact Fund, Greg Maffei, president and CEO of Liberty Media and Aspen Grove Capital.
Galvanize, which has 300 employees, has raise about $66 million in venture capital since being founded in 2012.