BloomTech
bloomtech.com
Bootcamps
Education
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Products
People
Growth
Offices
Financials
Funding and backers
Total raised
$74M
1 round on record
Latest round
$74M
Series C · Feb 2024 · 2 yr ago
Team
11-50
employees, estimated range
Backers
4
Y Combinator, Imagine K12
The money's age
Long since its last round
31 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Sep 2026
Formerly Bloom Institute of Technology (lambdaschool.com)
Feb 28, 2024
Raised a round Series C $74M · led by GIGAFUND
May 18, 2022
Launched BloomTech Launches New CareerFlow Learning Experience, Providing Students a Flexible Approach to Earning a High-Paying Tech Job · businesswire.com
Jun 2017
Went through Y Combinator
2017
Founded
Tractionpublic signals, read monthly
Web presence
top 2%
of 133.2M domains by links, Common Crawl
Hacker News stories
3
best: 22 points
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series C | Feb 2024 | $74M | GIGAFUND lead | bloomtech.com |
Backed byfrom the funds' portfolios and accelerator catalogs
Y Combinator 
Imagine K12 
GV 
Soma Capital Investors in similar startupsfunds that back the companies most like this one
backs Codify
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Overview
BloomTech, formerly Lambda School, teaches software engineering and data science online to career changers. It popularised the income share agreement, deferring tuition until a graduate earned above a salary threshold, a model that later drew regulatory scrutiny. Its courses now run as shorter online programmes with conventional payment options.
News
CFPB Takes Action Against BloomTech, Inc. for ISAs that Violate TILA, UDAAP, and the FTC's Holder Rule
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SF-based coding school BloomTech fined $160K for 'deceptive acts' against students
(KRON)-Today, the Consumer Financial Protection Bureau (CFBP) issued an order against BloomTech, a for-profit coding school that touts
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Austen Allred (@Austen) on X
As you may have seen, BloomTech reached a settlement with the Consumer Financial Protection Bureau regarding ISAs (which we largely stopped using in 2021, and no longer offer today).We decided to settle the matter because it was clear that ongoing litigat
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Coding bootcamp Lambda School - now BloomTech - is finally getting punished
The US Consumer Financial Protection Bureau (CFPB) is banning BloomTech / Lambda School from issuing student loans, fining it, and releasing some students from some debt.
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Consumer Financial Protection Bureau fines BloomTech for false claims
The U.S. Consumer Financial Protection Bureau (CFPB) said in an order on Tuesday that BloomTech, the for-profit coding bootcamp previously known as the Lambda School, deceived students about the cost of loans, made false claims about graduates' hiring rat
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Consumer Financial Protection Bureau fines BloomTech for false claims
The CFPB is permanently banning BloomTech from consumer lending activities and its CEO, Austen Allred, from student lending for a period of 10 years.
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CFPB Finds Coding Bootcamp BloomTech Deceived Students About Loans, Jobs
TheCFPB has issued anorderagainst coding bootcampBloomTech and its CEO,alleging they deceived students about the real cost of loans.
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Coding boot camp BloomTech and CEO Austen Allred deceived students, US government agency says
Coding bootcamp BloomTech and CEO Austen Allred misrepresented income-share agreements and inflated job placement statistics, CFPB says
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CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs
The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates' hiring rates.
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
San Francisco
United States
HQ
10-50 est. staff
Financials
Total raised
$74M
Latest round
Series C
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Series C | 2024 | $74M | Details |