Amid the COVID-19 crisis, digital transformation has rapidly accelerated and increased the demand for resilient jobs in the current remote working economy. It is estimated by the International Labour Organisation that global unemployment will increase by 25 million due to the pandemic, resulting in a necessity for solutions that bring in sustainable employment by supporting remote learning options. Among the many companies that support remote learning is Ironhack, a Madrid-based global tech school.
Intends to expand its remote learning
Ironhack has secured $20M (nearly €16.5M) Series B funding round led by Lumos Capital along with participation from Endeavor’s Catalyst Fund and existing investors – Brighteye and Creas. The investment will be used to expand the company’s remote learning and corporate training capabilities including talent acquisition and re-skilling. Also, it will help students all over the world to transform their careers with the help of technology.