# Foundry College

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foundry-college

- Industry: Education/Training
- Headquarters: San Francisco, US
- Website: www.foundrycollege.org
- Total disclosed funding: $1M
- Latest round: Seed (Dec 1, 2019)
- Investors on record: 1

## About

Based in California, US and founded in 2018, Foundry College Inc. provides an education program for enhancing the knowledge and skills of adults to get ready for the changing labor market. The company focuses on teaching practical skills, which are going to be replaced by automation in the foreseeable future. In May 2021, Foundry College Inc. raised USD 1 million in venture debt funding led by Zanichelli Venture, with participation from Brahma AG. Akiba J. Covitz remains the president and CEO of Foundry College.

Foundry College offers credentialed certificate program where learners will complete professional skills (Stage I) along with two courses specializing in the credential (Stage II) through its learning technology platform, which is built for education and allows students and faculty to engage live, in real-time. The college’s professional skills (Stage I) course includes managing yourself at work, working with others, clear communication and practical problem-solving. While credential (Stage II) courses include salesforce admin set foundations, salesforce admin set skills, project management foundations, and project management in practice. Also, Foundry College provides in-demand industry-relevant programs as well as career support services, which gives job search and job placement opportunities to learners.

Foundry College generates revenue by charging tuition for the learning program, which costs USD 2,950. 

Foundry College plans to use its proceeds from May 2021 funding to include the American Council on Education’s (ACE) recommendation for credits of its six professional skills courses and the Bureau of Private Postsecondary Education’s (BPPE) approval of its credentialed certificate programs in Project Management and Salesforce Administration. Also, the company plans to approach for provisional approval of its associate degree program.

## Funding rounds

- Seed, Dec 1, 2019, $1M — Ulu Ventures

## Investors

- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed