Develhope raises €6 million to train programmers and combat youth unemployment

Develhope, an online school specializing in programming courses, has successfully raised €6 million in a funding round. The investment, led by CDP Venture Capital, OPES Italia, and Sefea Impact SGR, will fuel the company’s expansion plans and strengthen its sports rights management.

Develhope aims to train young talents in countries with high rates of youth unemployment by offering practical courses and fostering partnerships with leading sports leagues in Latin America. With this funding, Develhope will also enhance its educational offerings, expand its reach to new markets, and invest in scalable technology.

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The company’s inclusive model, where students only pay for training if they secure employment, sets it apart in the industry. Develhope’s mission is to provide a brighter future through education, addressing the pressing issue of youth unemployment and empowering individuals with in-demand digital skills.

What is the impact of this initiative on the startup ecosystem?

• Increased investment opportunities: Develhope’s successful funding round demonstrates investor confidence in the potential of educational and technology startups. This can generate greater interest from investors in supporting similar projects within the startup ecosystem.
• Boost to educational innovation: The investment in Develhope will enable the company to expand its educational offerings and develop new technological solutions to make its teaching model more scalable. This not only benefits Develhope directly but also inspires other startups to explore new forms of online education and training.
• Strengthening entrepreneurial talent: By providing training in digital and technological skills, Develhope contributes to strengthening the entrepreneurial ecosystem by empowering young talents and preparing them for the job market. This can foster a greater entrepreneurial spirit and the creation of new startups with technical profiles and specialized knowledge.

What is the impact of this initiative on venture capital firms?

• Increased investment opportunities in the technology startup sector.
• Potential for higher returns on investment due to the growth potential of innovative startups.
• Enhanced diversification of investment portfolios through exposure to the evolving startup landscape.

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