# Microverse Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/microverse-enterprises

- Industry: Education/Training
- Headquarters: San Francisco, US
- Website: www.microverse.org
- Total disclosed funding: $20M
- Latest round: Series A (Aug 17, 2022)
- Investors on record: 11

## About

Microverse Enterprises, Inc. is an educational company specializing in online skill development for aspiring tech professionals, providing programs in web development and English language proficiency to enhance career opportunities.Founded in 2017 by Ariel Camus and Ryan Strasser, Microverse Enterprises, Inc. is headquartered in San Francisco, US. The company focuses on online education, specifically training individuals to become remote software engineers. In August 2022, it raised USD 4.00 mn in a Series A funding round, attracting investment from Acurio Ventures, General Catalyst Partners, Northzone, and True Equity. This round was part of a larger USD 16.5 mn equity funding effort.Microverse specializes in providing online education and skill development through two primary offerings: a Full-Stack Web Development Program and an English language program called Leap. The Full-Stack Web Development Program enables students to become remote software engineers, equipping them with essential coding skills through a collaborative learning environment facilitated by a diverse and global community. Meanwhile, Leap focuses on enhancing English fluency specifically for developers, helping them gain confidence in speaking English to secure high-paying jobs in the tech industry. Together, these programs address critical issues of accessibility to quality tech education and language barriers that hinder professional growth for aspiring developers.Microverse's revenue model is primarily based on tuition fees collected from students enrolling in its educational programs. The company operates a direct-to-consumer model, where individuals seeking to enhance their tech skills and language proficiency pay for access to the Full-Stack Web Development Program and Leap. These offerings generally follow a structured payment system that may include one-time fees for full course access or installment payments over the duration of the program, attracting a broad customer base of aspiring developers globally.In August 2022, Microverse Enterprises, Inc. raised USD 4.00 mn in Series A funding, which will be utilized to scale its platform. The company is planning to launch new educational products aimed at further enhancing the skills of its users, with specific initiatives in development. Additionally, Microverse targets expansion into emerging tech markets in Asia and Africa, aiming to reach these regions by the end of 2023.

## Funding rounds

- Series A, Aug 17, 2022, $4M — General Catalyst Partners, Northzone, Acurio Ventures, True Equity
- Series A, Jun 30, 2021, $13M — General Catalyst Partners, Northzone, Rubio Impact Ventures, Acurio Ventures, asset
- Seed, Feb 26, 2020, $3.2M — General Catalyst Partners, Y Combinator, Soma Capital Management, Liquid 2 Ventures, Hack VC, Fifty Years

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Fifty Years (https://capitalatlas.ai/funds/fifty-years) — Seed
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Series A
- Acurio Ventures (https://capitalatlas.ai/funds/acurio-ventures) — Series A
- asset — Series A
- True Equity (https://capitalatlas.ai/funds/true-equity) — Series A