Codementor raises $1.6 million to turn into elite market for freelance builders
Codementor (integrated as Peer Concept Inc.) has raised $1.6 million in seed funding to develop its on-line schooling enterprise right into a market for elite freelance builders who’re among the many top-rated mentors on its website.
Primarily based in Mountain View with a improvement workplace in Taiwan, Codementor is a graduate of Techstars in Seattle. WI Harper led the seed spherical in Codementor, which had beforehand raised $1.2 million in early-stage funding from Techstars, 500 Startups and particular person angel buyers.
Codementor founder and CEO Weiting Liu stated, “When we started out we were more like a coding bootcamp, but we realized we could be this layer of on-demand mentorship that can be a missing puzzle piece that fits alongside all other free and paid learning resources out there.”
A accomplice with WI Harper and investor in Codementor, Yvonne Chen stated on this subsequent stage, Codementor ought to give attention to enhancing its matching algorithms, which allow the platform to robotically determine out there, certified engineers and pair them with programmers searching for assist, or firms searching for to interact them for a contract mission.
“Liquidity is crucial for them to be successful,” Chen stated. “Investing assets to shorten the anticipated wait time to rent a developer throughout each single potential know-how stack; this will probably be a recreation changer to how firms work with engineering expertise in 10 years.
Amongst its customers, the corporate counts 150,000 builders who’ve sought programming assist, and 5,000 vetted developer-mentors, every knowledgeable in several programming languages.
Builders undergo a video interview and peer-review course of earlier than they’re cleared to turn into mentors. Solely the highest 2 p.c of mentors, as rated by different builders, are matched to freelance alternatives on Codementor.
The corporate competes with a variety of freelance marketplaces and jobs boards the place companies can flip to seek out software program engineering expertise. To call only a few, opponents embrace: Freelancer.com, GitHub Jobs, Guru.com, Upwork and Toptal.
Its hybrid mannequin, providing mentorship and an elite, invitation-only freelance market, will assist Codementor stand out and show engaging to up-and-coming engineers alongside established ones, Weiting stated.
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