About BloomTech
BloomTech is a company based in San Francisco (United States) founded in 2017 by Austen Allred.. BloomTech has raised $215.09 million across 8 funding rounds from investors including Stripe, Gigafund and Geoff Lewis. The company has 101 employees as of December 31, 2021. BloomTech offers products and services including Full Stack Web Development and AI for Developer Productivity. BloomTech operates in a competitive market with competitors including Masai School, AlmaBetter, AccioJob, Microverse and Formation, among others.
- Headquarter San Francisco, United States
- Employees 101 as on 31 Dec, 2021
- Founders Austen Allred
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bloom Institute Of Technology
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$215.09 M (USD)
in 8 rounds
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Latest Funding Round
$14.6 M (USD), Series C
Feb 14, 2024
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Investors
Stripe
& 30 more
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Employee Count
101
as on Dec 31, 2021
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Products & Services of BloomTech
BloomTech offers a comprehensive portfolio of products and services, including Full Stack Web Development and AI for Developer Productivity. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Course on frontend, backend, servers, databases, and AI workflows.
Training for using AI to enhance coding and development processes.
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Funding Insights of BloomTech
BloomTech has successfully raised a total of $215.09M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $14.6 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $14.6M
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First Round
First Round
(22 Aug 2017)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series C - BloomTech | Valuation |
investors |
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| Aug, 2020 | Amount | Series C - BloomTech | Valuation | Gigafund |
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| Aug, 2020 | Amount | Series C - BloomTech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BloomTech
BloomTech has secured backing from 31 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Stripe, Gigafund and Geoff Lewis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BloomTech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BloomTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bloomtech Comparisons
Competitors of BloomTech
BloomTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Masai School, AlmaBetter, AccioJob, Microverse and Formation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of job oriented software training solutions
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| domain | founded_year | HQ Location |
Online platform offering learning solutions for professionals
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| domain | founded_year | HQ Location |
Online portal for graduate jobs
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| domain | founded_year | HQ Location |
Online platform providing full-stack web development programs on income share agreement
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| domain | founded_year | HQ Location |
Formation is associated with a development-focused domain.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BloomTech
When was BloomTech founded?
BloomTech was founded in 2017.
Where is BloomTech located?
BloomTech is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of BloomTech?
Austen Allred is the current CEO of BloomTech. They have also founded this company.
Is BloomTech a funded company?
BloomTech is a funded company, having raised a total of $215.09M across 8 funding rounds to date. The company's 1st funding round was a Series C of $74.37M, raised on Aug 22, 2017.
How many employees does BloomTech have?
As of Dec 31, 2021, the latest employee count at BloomTech is 101.
What does BloomTech do?
Provider of AI-powered online coding bootcamps and career support. It offers full-stack web development and AI for developer productivity courses. The programs are designed to help students launch tech careers quickly, with flexible scheduling and comprehensive support throughout the learning process and job search. Students receive academic and career assistance, including portfolio building and interview preparation. A deferred tuition option is available, with tuition payments contingent upon securing employment.
Who are the top competitors of BloomTech?
BloomTech's top competitors include Masai School, AlmaBetter and Microverse.
What products or services does BloomTech offer?
BloomTech offers Full Stack Web Development and AI for Developer Productivity.
Who are BloomTech's investors?
BloomTech has 31 investors. Key investors include Stripe, Gigafund, Geoff Lewis, Google Ventures, and GGV Capital.