Galvanize Secures $32M in Series C Financing; Acquires Hack Reactor

Galvanize, a Denver, CO-based technology learning platform and community for data scientists, engineers and entrepreneurs, secured a $32m Series C financing.

The round was led by growth equity firm Catalyst Investors with participation from New Markets Venture Partners and existing investors ABS Capital Partners, University Ventures and the Colorado Impact Fund. In conjunction with the funding, Tyler Newton from Catalyst Investors will join the Galvanize board of directors.

Galvanize is also to acquire Hack Reactor, an operator of immersive coding programs across the country led by CEO Harsh Patel, to expand its portfolio of product offerings, campus locations and skilled graduates.

Led by CEO Al Rosabal, Galvanize provides a learning platform that combines online education and in-person training to deliver the most relevant and in-demand technology skills to consumers, startups and enterprise organizations.
The acquisition adds Los Angeles to Galvanize’s innovation hubs for technology students, alumni, entrepreneurs, startups and established companies, in addition to the markets it currently serves including: Austin, Boulder, Denver, New York, Phoenix, San Francisco, Seattle and online.

Following the deal, Hack Reactor will continue to operate its respected programs under the Hack Reactor @ Galvanizeā„¢ brand. Hack Reactor plans to move onto Galvanize’s campuses in San Francisco, New York and Austin, expanding opportunities for both students and members.

FinSMEs

20/07/2018

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