Joan Parsons, Executive Vice President for Silicon Valley Bank, joined the Startup Institute board of directors, beginning in August 2014.
The company intends to use the funds to expand of offices and programs worlswide.
Founded in 2012 by Katie Rae, Startup Institute is a career accelerator for people to gain the skills, mindset and network to work in startups. Full-time Core programmes and part-time RampUp courses are currently offered in London, Berlin, Boston, New York and Chicago.
The company has also announced partnerships with London-based startups Hailo, Geckoboard and Toothpick, which joined Boughtbymany, Episode1, MassChallenge and Pivotal Labs to develop talent and support their growth ambitions, and the establishment of a scholarship program for 2015 designed to assist women, minorities who are under-represented in tech and innovation fields, and military veterans who want to participate in the Startup Institute curriculum. Scholarships will be applied for new applicants enrolled in the full-time programs starting in October.