Denver-based Galvanize has picked up another $3 million in investment, this time from , which only puts money in local ventures.
The startup, which first , plans to use the money for further product development and expansion, according to Jim Kelley, founder and managing partner for the Colorado Impact Fund.
“What interested us in Galvanize is that it’s a little misunderstood as a company. Most people understand it as a real estate or coworking space. But in fact, it’s mostly about education,” Kelly said. “The core product of their offering is their training, their bootcamps that run for 12 to 24 weeks.”
Galvanize offers crash courses in software development and takes an entreprenuerial slant when teaching students about data science, how to code or a number of .
The company, which , has since added a second Denver location and expanded to Boulder, Fort Collins, San Francisco and Seattle. This year, it plans to open locations in Austin, Tex. and Phoenix, Ariz.
The Colorado Impact Fund is a private group of local investors that focus on Colorado companies. The fund, created in 2014, has invested about 20 percent of its $63 million , Kelley said.
