Sunday, June 20, 2021

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Alchemy Code Lab: Raises $5.8M in Funding

  • Alchemy Code Lab, a Portland, Ore.-based provider of a student-friendly income share agreement (ISA), raised $5.8m in funding
  • Backers also included impact investing nonprofit Social Finance through the Career Impact Bond
  • Alchemy Code Lab is a full-time, 25-week program designed to place students directly into mid-level software developer jobs
  • Its average starting salary for graduates is $80,000 per year
  • Tuition at Alchemy is currently $24,000 for the complete program
  • Alchemy also offers tuition assistance in the form of diversity scholarships and veteran benefits

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