HO CHI MINH - CoderSchool, established in Ho Chi Minh City by Silicon Valley founders in 2015, has raised anundisclosed seed funding round from Singapore-based Tri5 Ventures to train and upskill world-class software developers in the emerging Vietnam tech scene.
The funds will be used to relocate to a larger campus in Ho Chi Minh, grow the business and instruction team, as well as expand to other Vietnamese cities of Hanoi and Danang. CoderSchool aims to train and place a target goal of 1500 developers in the 3 major cities, Ho Chi Minh, Hanoi, and Danang in the next 3 years.
According to a VNExpress article, the number of tech jobs have risen over the last three years. Vietnam currently employs 250,000 engineers and the estimated demand estimated is expected to be 400,000 by 2018. A survey showed a 2-year experienced engineer is estimated to earn a maximium of US$1,160 per month and looks set to rise further.
The Vietnamese startup ecosystem is growing at an accelerated pace. In a recent report by Vietnam Briefing, 39,850 new startups were incorporated in the first four months of 2017 alone. The Saigon Silicon City Center will be a startup hub to incubate startups and expected to attract over US$1.5b in investments by 2020. The fintech industry has also received US$129m in investments.
CoderSchool is founded in 2015 by Charles Lee and Harley Trung, two computer science graduates who hail respectively from UC Berkeley and Yale in Silicon Valley. Since then, the school has conducted 23 programming cohorts with 312 graduates.
Charles Lee says, “There’s an obvious global shortage of engineers, but it is even more pronounced here in Vietnam due to strong demand from overseas. Vietnam may be the best place in the world to find hardworking, talented young engineers. Salaries are rising but are still dramatically lower than other parts of the world.
TRi5 Ventures is a believer of training programmers to support the growing needs of startup ecosystems of the region and world. Their investment and experience in programming schools will be strategic in aiding us to grow. Furthermore, their deep connections into the regional startup tech communities is a bonus to provide our world-class graduates with world-class jobs.”
CoderSchool alumni have gone on to work at leading tech companies such as Uber, Grab, Fossil, TinyPulse, Lazada, Okiela, Sentio, Saleshood, Zalora, Mingle, Wizeline, 2359 Media, and Silicon Straits.
Mr Ting Yan LECK, Investment Director at Tri5 Ventures, explains the investment into CoderSchool. “Vietnam is a known hub for companies in Singapore, Australia and other countries to outsource software development. This has significantly increased the demand for advanced software engineers. CoderSchool has built a good reputation in Vietnam for training over 300 programmers in 23 classes. We believe the school is poised to take advantage of the growing opportunities in the programming schools sector.”
CoderSchool Intro Video -[embedyt] https://www.youtube.com/watch?v=vnbT8xiBDWI[/embedyt]
Media Contact Anh Hoang Partnerships Director email@example.com +84 898 158 690 (Vietnam)
About CoderSchool (Coderschool.vn)
Coderschool is founded in 2015 by Charles Lee and Harley Trung, two computer science graduates who hail respectively from UC Berkeley and Yale in Silicon Valley. Since then, the school has conducted 23 programming cohorts with 312 graduates. CoderSchool alumni have gone on to work at leading tech companies such as Uber, Grab, Fossil, TinyPulse, Lazada, Okiela, Sentio, Saleshood, Zalora, Mingle, Wizeline, 2359 Media, and Silicon Straits.
CoderSchool’s curriculum, originally developed in Silicon Valley, is based around real-world examples, multi- modal learning, and carefully-spaced repetition. In addition to several weeks of discussion, lecture, and hands- on lab time, students spend much of their time building real-world applications from scratch.
Applicants to Coderschool are required to pass a rigorous selection process to be admitted, and must exhibit strong teamwork skills in addition to individual technical excellence. CoderSchool focuses on imparting developers with the skills and working styles of global tech startups with development teams based in Vietnam as well as other large MNCs. CoderSchool has taught courses in web development Ruby on Rails, NodeJS and mobile development in iOS, Android and React Native. In addition to regular Demo Days, which have seen as many as 500+ attendees per event, CoderSchool hosts regular meetups for the community featuring guest speakers on exciting new technologies and topics, such as Data Science, Machine Learning, Artificial Intelligence, Cloud Microservices, Chatbots, and even Electric Vehicles
About TRi5 Ventures Tri5 Ventures is a Singapore-based early-stage Venture Capitalist which invests in South-East Asian technology startups. It has recently made a US$220k investment into UpCode Academy, a Singapore-based programming school.