Coding School Bitmaker Labs Lands ‘Substantial’ Investment Led by Russell Square Partners

Bitmaker Labs has received a “substantial equity investment” from a group led by Russell Square Partners, a Toronto-based investment firm.

The investment will fund new curriculum development, additional teachers, and improvements to the firm’s flagship location in downtown Toronto at King and Simcoe, according to Bitmaker Labs, as well as “future geographic expansion and further course development in internet and technology disciplines.” The value of the deal was not disclosed.

Bitmaker Labs also made management changes. Cofounder Andrew Mawer will assume the responsibilities of president. Bitmaker Labs has brought on Craig Hunter as Chief Executive Officer. Previously, Hunter was an early employee at Uber. Bitmaker also promoted Julie Haché to Chief Technology Officer. Haché brings software and engineering experience from her prior role as a developer at Shopify working on its core application.

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“We are excited to help Bitmaker remain at the forefront of this growing industry and continue delivering world-class education to our students,” said Dan Baum of Russell Square Partners.

Founded in 2012, Bitmaker Labs is Canada’s largest coding boot camp.

“Bitmaker delivers a cutting-edge, market-driven education targeting the massive demand for jobs in the rapidly growing technology industry,” said Hunter. “We are excited to collaborate with Russell Square and grow the company by building our team, expanding our course offerings and supporting our alumni network.”