South African edtech startup HyperionDev raises $5 million to expand operations

April 23, 2024
2 min read
7 people (3 white female and four males, including three black ones, are sitting on a roundtable discussing. They are in HyperionDev office.
  • HyperionDev, a South African-headquartered tech education provider, has announced raising R95 million (5 million), bringing its total growth investment to R595 million ($31.1 million).
  • The edtech platform has yet to disclose the investors who participated in the latest funding round, however, it stated that the total investment attracted 23 funders from different countries.
  • The company will use the latest funds to expand its operations in South Africa and the United Kingdom (UK).

Parts of the capital injection will also go towards taking the edtech startup into new markets and increasing access to relevant tech education for all learners on the platform.

The company also noted that the money will help it expand its educational offerings and scholarship programmes, such as the HyperionDev Academy.

Riaz Moola, founder and Chief Executive Officer of HyperionDev, explained that the new funding marks a new chapter for the company as well as underlines the critical role of skills development across the world. 

The founder also discussed how the company's partnerships with several South African institutions, such as Stellenbosch University, the UK's Department for Education, and some of its institutions, such as Imperial College London and the University of Manchester, as well as new partners in North America, France, and Spain, have allowed it to maintain its position as a global tech education leader.

As the company continues on its mission to make tech education accessible to the world, Moola assures that HyperionDev will keep focusing on enhancing its impact in its home country of South Africa.

“We are actively seeking to collaborate with more university institutions nationwide. We are also eager to join forces with [the] government to strengthen digital skills development and enhance employability across the country,” Moola added. 

HyperionDev, founded in 2012, provides specialised, mentored coding boot camps online and on-site at its campuses to equip students with job-ready tech skills for careers in technology.

So far, the edtech firm claims that its programmes have empowered over 2,000 graduates to get tech jobs in fintech startups like Chip, Amazon, Barclays and GSK and government entities such as the Home Office, the Department for Work and Pensions, and the NHS.

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