Startups
Funding / Investing / Jobs / Software

Camden Partners leads $6M funding round for Techtonic

Boulder, Colorado-based Techtonic plans to expand its paid tech apprenticeship program with a fundraising round lead by a Baltimore private equity firm.

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.

Series: Workforce Development Month 2019
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

How venture capital is changing, and why it matters

What company leaders need to know about the CTA and required reporting

Why the DOJ chose New Jersey for the Apple antitrust lawsuit

A veteran ship's officer describes how captains work with harbor pilots to avoid deadly collisions

Technically Media