Educational curriculum is changing at a fast pace to better prepare students for the modern world, and in recent years, coding has been introduced to many school districts. Learning to code is essential for future software engineers, but the skill benefits everyone because it teaches skills such as problem-solving, teamwork and creativity while also familiarizing young students with computers.
In Chicago, Codeverse has been teaching kids how to code since its launch in 2017 through interactive online courses for children ages six through 13. Its subscription-based model has been a hit and even reeled in venture funding in the past. Now, the company is being acquired by Nerdy, developers on the Varsity Tutors online learning platform that partners with school districts.
“Coding is one of the fastest-growing segments in education, yet the tools and resources for students have not kept up with the increasing demand,” Chuck Cohn, founder and CEO of Nerdy, said in a statement. “We understand the importance of coding to our customers, and as we evolve our business to an all-inclusive learning destination, the addition of Codeverse to the Varsity Tutors platform will help us deliver on the need for high-quality computer science and coding education year-round.”
Codeverse was founded by husband and wife duo Craig Ulliott and Katy Lynch and offers online coding classes through a monthly subscription model that ranges between two and eight courses a month. Parents are also able to schedule when they want their children to take courses and get access to a dashboard where they can monitor their kid’s progress.
Prior to being acquired, the company raised $10 million in venture funding. With the funding, the company took the opportunity to expand its physical footprint and opened several teaching facilities. It also planned to make 100 new hires.
With the acquisition, Codeverse’s courses will still be available for parents to purchase and will also become available to school districts that partner with Nerdy and Varsity Tutors.
Terms of the acquisition were not made public.
