Locally focused venture capital firm Colorado Impact Fund has made its fifth investment since launching in July 2014 in Galvanize, the tech education and workspace startup that's establishing a major presence in tech scenes in Denver and elsewhere.
"This investment represents a perfect synergy of our two organizations with complementary missions coming together for the greater good," explains Jim Kelley, managing partner of the Colorado Impact Fund. "Galvanize is filling a much-needed gap between the demand and supply for technical talent, while also attracting industry partners to create a strong hiring pipeline for its graduates."
The company, which launched in 2012, has established eight campuses in some of the country's most tech-oriented cities: San Francisco, Austin, Seattle and Phoenix. The other four campuses are in Colorado -- two in Denver, one in Boulder and one in Fort Collins.
Galvanize offers immersive, 12- to 24-week courses for people interested in working in data science, engineering, development and other IT positions. The company boasts a 95 percent placement rate for its graduates.
"Preparing our workforce and students to compete in an increasingly tech-oriented economy is very much on strategy for CIF," Kelley says.
Beyond education, the company also has workspaces for startups and entrepreneurs. Such community workspaces and offices can help cross-pollinate ideas and help companies find ways to work together.
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