$1.6 Million in Seed Funding
On December 14, 2016, Codementor raised $1.6 million in seed funding to grow its online education business into a marketplace for elite freelance developers. Based in Mountain View with a development office in Taiwan, the company is a graduate of Techstars in Seattle.
WI Harper led the seed round, which had previously raised $1.2 million in early-stage funding from Techstars, 500 Startups and individual angel investors. The company competes with a wide range of freelance marketplaces and jobs boards for software engineering talent. Competitors such as Freelancer.com, GitHub Jobs, Guru.com, Upwork and Toptal.
A partner with WI Harper and investor Yvonne Chen, said in this next stage Codementor should focus on enhancing its matching algorithms. The same algorithms which enable the platform to automatically identify available, qualified engineers and pair them with programmers & companies seeking help.
Among its users, the company counts 150,000 developers who have sought programming help, and 5,000 vetted developer-mentors, each expert in different programming languages. Developers go through a video interview and peer-review process before they are cleared to become mentors. Only the top 2 percent of mentors, as rated by other developers, are matched to freelance opportunities.
It’s hybrid model, offers mentorship, and an elite, invitation-only freelance marketplace. These qualities will help the company stand out and prove attractive to up-and-coming engineers alongside established ones.
Codementor provides live 1:1 help for software development. There are two ways to get help: on-demand live 1:1 expert help, and long-term dedicated mentorship
You can find more information on Codementor’s funding on TechCrunch.com.