HyperionDev, the South African tech education firm, has successfully secured a significant investment of R95 million, approximately 5 million USD. This financial boost elevates the company’s aggregate investment to R595 million, roughly equivalent to 31.1 million USD. The specifics regarding the identities of the investors from the latest capital round remain undisclosed, but what’s known is that a total of 23 backers spanning various countries have contributed to this substantial amount.
The primary objective of this fresh flow of capital is to broaden HyperionDev’s scope of operations within the home territory of South Africa, as well as to extend its reach to the United Kingdom. This means that the educational tech platform plans to utilize a portion of the newly acquired funds to introduce its services into new geographical markets, thereby scaling up its presence globally.
In addition to geographical expansion, the strategic use of the investment includes enhancing accessibility to technological education for all learners who use the HyperionDev platform. The envisioned enhancements are poised to benefit a wide range of individuals looking to advance their tech skills.
Moreover, the capital injection will facilitate the expansion of HyperionDev’s array of educational programs, as well as the augmentation of their scholarship initiatives, including the notable HyperionDev Academy. This aligns with the company’s eagerness to provide more comprehensive educational opportunities to its users.
Riaz Moola, the founder, and CEO of HyperionDev, commented on the importance of this milestone, recognizing it as the genesis of a novel epoch for the enterprise. He underscored the vital importance of skills development on a global scale and acknowledged that this new funding would substantially contribute to that end.
In a related context, we have the emerging edtech startup FoondaMate from South Africa. This innovative company is revolutionizing the way students study by leveraging the popular messaging app WhatsApp. Through FoondaMate’s creative solution, students are provided with a more accessible and convenient platform to support their educational endeavors, showcasing another aspect of how technology is transforming the education sector in South Africa and beyond.
The founder of HyperionDev articulated the strategic alliances that have been instrumental in cementing the company’s stature as a formidable entity in global tech education. Partnerships with illustrious South African and international institutions have been a cornerstone of HyperionDev’s success. In South Africa, the company’s collaboration with Stellenbosch University has been pivotal.
Additionally, HyperionDev’s relationship with the UK’s Department for Education and prominent universities such as Imperial College London and the University of Manchester have contributed significantly to its international presence and credibility.
Further solidifying its global footprint, HyperionDev has embarked on new partnerships in North America, France, and Spain. These collaborations are geared towards driving the company’s growth and maintaining its competitive edge in the rapidly evolving landscape of tech education. The objective is clear: to reinforce HyperionDev’s reputation as a leader in providing top-tier technology training and educational resources on a worldwide scale.
Amidst this expansion and quest for global impact, the founder, Riaz Moola, reassures that the heart of HyperionDev’s mission will remain rooted in South Africa. As the company proliferates in scope and scale, the commitment to enhancing and uplifting the level of tech education within its home country stands unwavering.
Moola emphasizes that despite the international growth, HyperionDev will persist in concentrating its efforts on producing a tangible and positive effect on the South African tech education landscape, continuing to strive for improved accessibility and quality in tech education for those in South Africa and around the globe.
Founder Riaz Moola has underlined HyperionDev’s proactive approach to amplifying its partnerships across the nation, particularly with university institutions. This effort is part of a broader strategy to reinforce the foundation of digital skills development in South Africa. The company’s ambition doesn’t end with educational entities; it extends to a willingness to collaborate with the South African government.
The goal of such partnerships is dual-fold: to bolster the digital skills of the country’s workforce and, consequently, to enhance the overall employability of individuals in an increasingly digitalised economy.
HyperionDev has been on a mission since its inception in 2012 to democratize technology education through its mentored coding boot camps. These boot camps are offered both online and in-person at its campus locations, ensuring a flexible and accessible approach to learning. The programs are meticulously designed to furnish students with a robust portfolio of job-ready tech skills, priming them for successful careers in the technology sector.
The edtech company takes pride in its track record; HyperionDev boasts that its educational offerings have already facilitated a transformational impact for over 2,000 graduates. These alumni have successfully secured tech positions across a diverse array of industries and sectors. The graduates have permeated the fintech industry, with notable companies like Chip and Amazon among their new employers. They’ve also entered revered financial institutions such as Barclays and GSK.
Beyond the private sector, HyperionDev alumni have contributed their newly honed tech prowess to public service, landing roles in government entities, including the Home Office, the Department for Work and Pensions, and the National Health Service (NHS).
This track record serves not only as a testament to the efficacy of HyperionDev’s educational model but also as an indicator of the critical role the company plays in shaping the future tech workforce, both in South Africa and abroad.
