(Photo via semtrio.com)
Inner Harbor-based private equity firm Camden Partners led a $6M Series B for Techtonic, the firms announced this week.
Boulder, Colorado-based Techtonic combines a focus on software development, as well as developing talent. The company offers software development services, and also runs a tech apprenticeship program.
The company’s apprenticeship program is certified by the U.S. Department of Labor, offering training in the fundamentals of software engineering to people who often don’t have a previous technical background. Those who take the classes are paid, and Techtonic CEO Heather Terenzio told Inc. earlier this year that 75% of students are minorities, women or veterans.
“Techtonic is a transformative company addressing the overwhelming demand for tech developers,” Jason Tagler, a partner at Camden Partners, who will join the Techtonic Board of Directors, said in a statement. “We are pleased to partner with Techtonic to accelerate growth on a national level as the need for talent development plays a key role when it comes to a rapidly evolving tech workforce.”
Techtonic characterizes the apprenticeship program as a talent generation source for the company’s clients. According to the company’s website, the program allows apprentices to work with clients on a project basis, then provides the option to retain them as full-time hires. CEO Heather Terenzio told Inc. earlier this year that 75% of the classes are made up of women, minorities, and veterans.
With the new funding round, which also included follow-on investment from University Ventures and Zoma Capital, the company is looking to expand the apprenticeship program beyond Colorado to new cities, a news release states.
The company is also aiming to invest in its employees, as well as sales and marketing initiatives, it said.
Why you shouldn’t be afraid of DevOps
TEDCO reopens apps for Maryland startup funding
How SmartLogic helped these teams grow and manage scale with DevOps support
Technology is ever evolving — shouldn’t business education be, too?
Fearless, SmartLogic team up on Challenge.gov development
Village Capital cofounder Victoria Fram is the first guest on ‘Off the Sidelines,’ our new investor education podcast
Pinkaloo raises $1.25M, led by Baltimore’s Squadra VC
How independence fuels confidence and professional development at SmartLogic
Sign-up for daily news updates from Technical.ly Baltimore