Leading coding school startup Cypher has closed their Seed funding round of £422K in investment, with the majority from 313 investors via crowdfunding platform Seedrs. The latest round that takes its total investment to £1.2 million puts the London-based edtech startup at a valuation of £5.9 million.
Combining coding, computational thinking and creativity
The woman-led company founded in 2016 by tech entrepreneur Elizabeth Tweedale is inspiring children to learn the language of the future by offering hands-on creative coding camps and courses.
With the aim to encourage children to learn coding, computational thinking, problem solving and communication, it teaches 6 to 12 years-old how to code through creative themes, including digital art, nature, music, fashion, architecture and design, space, drones, robotics, etc. that encourage curiosity, spark imagination and help build the ability to think and communicate ideas.
Using the crowdfunding platform Seedrs allowed the coding school to bring in a broad range of investors to reflect their new global offering and product, following their successful business pivot to an online offering during the pandemic last year.
Expanding coding camps to new markets
The recent raise will go towards continuing investment in platform development, making key hires for the business and expanding the startup’s reach across the UK, US and globally.
The company is launching a brand-new subscription service in the US in September. With the subscription, children can start with Cypher at age six, and by the time they reach age 12 they will be technically literate, competent across multiple coding languages, as well as having learnt about healthy screen time, looking after their mental health and online safety. This is the beginning of building an all-encompassing technological education for the next generation.
Monthly subscription offerings
Talking about the new funding, Tweedale, CEO and founder of Cypher, says: “Although a sudden transition, the last year has allowed us to accelerate and develop our online offering, reaching thousands of children from 21 countries globally to help teach them coding, the language of the future workforce. This funding helps us to finalise the development of our subscription offering. Cypher has recently become a STEM accredited provider alongside companies like Apple and Disney. The development of our proprietary curriculum via a monthly subscription, where children can attend a class every week across multiple coding languages and creative themes, with access to a dedicated teacher, opens up coding to many more children globally.”