# Codecool Kft.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/codecool-kft

- Industry: Education/Training
- Headquarters: Miskolc, Hungary
- Website: www.codecool.com
- Total disclosed funding: $12M
- Latest round: Series C (Mar 4, 2021)
- Investors on record: 3

## About

Codecool Kft. is a Hungarian digital education provider specializing in immersive programming courses to prepare individuals for technology careers, focusing on skill enhancement for aspiring tech professionals.Founded in 2014, Codecool Kft. is based in Miskolc, Hungary, and specializes in digital education, primarily offering programming courses. The company has successfully raised EUR 7 million in Series C funding in March 2021, led by Integral Capital Group, with participation from Lead Ventures and PortfoLion. The founders, József Boda and Máté Rémiás, have previously been involved in multiple entrepreneurial ventures. Codecool has engaged in four investment rounds to date, aiming to address the skills gap in the technology sector across Central and Eastern Europe.Codecool specializes in digital education, providing immersive programming courses aimed at preparing individuals for careers in technology. Their flagship offering is the Full Stack Developer course, encompassing a comprehensive curriculum in various programming languages and technologies, including Python, HTML, CSS, JavaScript, and SQL. The course is available in English, German, Hungarian, Polish, and Romanian, adaptable over 10 or 12 months to cater to learners' needs. The primary audience consists of aspiring tech professionals, particularly those without prior technical experience, seeking employment in the IT sector across diverse markets, including Hungary, Poland, and Romania.In the most recent fiscal year 2023, Codecool reported a revenue of EUR 5,907,589.90 and an EBITDA of EUR -395,108. Their revenue model is primarily based on course enrollments, allowing students to pay through flexible options linked to post-employment, ensuring broader access to education and skilled training in the technology sector.Following the raising of EUR 7 million in Series C funding on March 4, 2021, Codecool Kft. plans to utilize this capital for expansion and product development. The company is focusing on enhancing its course offerings and expanding into new geographic regions, particularly targeting growth within Central and Eastern Europe. Specific timelines for market entry and new product launches are yet to be confirmed, but the overall strategy aims to address the increasing demand for skilled IT professionals in these regions.

## Funding rounds

- Series C, Mar 4, 2021, $8.3M — PortfoLion, Lead Ventures, Integral Capital Group
- Series B, Feb 21, 2019, $4M — PortfoLion, Lead Ventures

## Investors

- PortfoLion (https://capitalatlas.ai/funds/portfolion) — Series B, Series C
- Lead Ventures (https://capitalatlas.ai/funds/lead-ventures) — Series B, Series C
- Integral Capital Group (https://capitalatlas.ai/funds/integral-capital-group) — Series C