JME Venture Capital Leads $3M of Funding for Ironhack

7/24/17

Ironhack, a coding/web design bootcamp with campuses in Madrid, Barcelona, Paris, and Miami, has secured $3 million in its first round of funding. The funding was led by Madrid-based JME Venture Capital, and will support Ironhack’s opening of new campuses across Latin America and Europe.

“Ironhack has a very strong brand, which is made possible by its amazing culture and its founders’ exceptional operational strategy,” says José María Hernanz from JME Venture Capital. “It also offers a superb product that helps its students to improve their prospects of getting hired as web developers or UX/UI professionals. We rarely see all of these factors existing in a company at Ironhack’s stage, and we’re confident that the organization will continue to grow and to produce satisfied, well-trained graduates who are ready to bring their skills to the marketplace.”

Ironhack was founded by Ariel Quinones and Gonzalo Manrique. They opened their debut bootcamp in Madrid in 2013 and followed with a second campus in Barcelona in 2014. After quickly becoming the most attended bootcamps in Spain, Ironhack expanded to Miami in 2015, where the company is co-headquartered and is the #1 student rated, full curriculum bootcamp in the market (according to bootcamp review site Course Report). All three campuses were bootstrapped, and have achieved 100% organic revenue growth year over year. In June 2017, Quinones and Manrique opened their newest campus in Paris. In an effort to ensure a consistent, high quality educational experience for its students across all territories, Ironhack wholly owns and operates all of its campuses.

“We’re very excited to have JME join us as our partners,” says Quinones. “The moment that we first met them, we were impressed by their passion and understanding of what we’re building. Their investment will allow us to accelerate our pace of expansion, improve our product and curriculum, and hire top talent as we continue build one of the world’s top tech schools.”

About Ironhack

With locations in Miami, Madrid, Barcelona, and a new campus in Paris, Ironhack is an immersive bootcamp that offers full time and part time courses in Web Development and UX/UI design. Since 2013, Ironhack has graduated over 500 students who are building their careers at South Florida companies such as Glip, EveryMundo, and Dycom Industries as well as global companies – including Google, Telefonica, and ProductHunt. Ironhack was ranked as Miami’s #1 student-rated full curriculum coding and design bootcamp by national rating site Course Report.

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