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Code for All II
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https://goparity.com/projects/code-for-all-ii-404

Code for All II

Growing transformative educational solutions for the tech industry
Investment overview
Impact category
social_economy
Investment type
loan
Yearly interest
6
%
Term
60
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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D
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https://goparity.com/projects/code-for-all-ii-404

Description
Impact
Financial viability

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Promoter

What will you be financing?

Code For All is a B Corp certified edtech impact company that launched Academia de Código and Academia de Código Júnior in 2015. Academia de Código is the biggest in-person tech bootcamp brand in Portugal and one of the best in the world. Academia de Código Júnior was later rebranded as ubbu, a code literacy remote platform for kids aged between 6 and 12. 

Code for All helps people change their lives by teaching them tech skills and by offering companies a solution to close the tech talent gap. Recently the promotor expanded their activity to a new space in Alcântara, Lisbon. 

This social impact-driven organization wants to seek funding from Goparity's investment community to:

  • Renovate their new super campus and increase training capacity;
  • Buy more tech equipment for the bootcamps;
  • Raise working capital to enable additional funding alternatives for students that can’t afford to pay the tuition fee. 

In every decision, Code for All commits to taking into account impact criteria, and they will build an impact-dedicated area on the campus. 

This is the promotor's second campaign after successfully funding 170.000€ in the campaign Code for All I. The plan is to fund 500.000€ in three Goparity campaigns. 

Academia de Código has changed the lives of 1.875 people, so far, and upskilled many more in the most demanded tech stacks in the market. Almost 300 tech companies have hired professionals from their bootcamps. According to an EY certified audit, their employability rate after 3 months of finishing the bootcamps was 98% in 2021.

What is the impact?

Direct

Access to quality education

  • Improved facilities and more students: in total, 1318 people have received qualified and specialized training through Code for All until the end of 2021. With the funding, Code for All will be able to increase the number of students in the bootcamps, every year, from 400 to over 1000 – which translates into an additional 600 people receiving training.
  • Increased beneficiaries from unemployed, underemployed, and/or from underprivileged backgrounds: with the campaign, Code for All will increase its capacity to fund students that can’t afford the tuition fee from 173 to 500 people – which represents additional 327 people receiving funding alternatives.

All three campaigns with Code for All will impact positively 927 people. This campaign alone will impact 185 people.

Indirect

  • Economic growth: in 2021 alone, Code for All activities had a positive impact on the economy of almost 34 million euros. These refer to the value generated by the job placement of people after each bootcamp, the consequent consumption in the supply chain, and the savings in social security and taxes.
  • Creation of skilled employment: by 2021, 481 jobs have been created through Code for All's activity. There was a 98% employability rate among students up to 3 months after the bootcamp, above the industry average. In the year 2021, 259 people were trained, of which 73% were unemployed pre-bootcamp. 
  • Support for companies committed to sustainable development: Code for All has been a B Corp certified company since 2018. The B Corp certification assesses companies' operations and how their business models affect their employees, community, and customers.

Impact indicators

CO2 avoided per year
clean energy
created by our projects
of sustainable
185
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct

Access to quality education

  • Improved facilities and more students: in total, 1318 people have received qualified and specialized training through Code for All until the end of 2021. With the funding, Code for All will be able to increase the number of students in the bootcamps, every year, from 400 to over 1000 – which translates into an additional 600 people receiving training.
  • Increased beneficiaries from unemployed, underemployed, and/or from underprivileged backgrounds: with the campaign, Code for All will increase its capacity to fund students that can’t afford the tuition fee from 173 to 500 people – which represents additional 327 people receiving funding alternatives.

All three campaigns with Code for All will impact positively 927 people. This campaign alone will impact 185 people.

Indirect

  • Economic growth: in 2021 alone, Code for All activities had a positive impact on the economy of almost 34 million euros. These refer to the value generated by the job placement of people after each bootcamp, the consequent consumption in the supply chain, and the savings in social security and taxes.
  • Creation of skilled employment: by 2021, 481 jobs have been created through Code for All's activity. There was a 98% employability rate among students up to 3 months after the bootcamp, above the industry average. In the year 2021, 259 people were trained, of which 73% were unemployed pre-bootcamp. 
  • Support for companies committed to sustainable development: Code for All has been a B Corp certified company since 2018. The B Corp certification assesses companies' operations and how their business models affect their employees, community, and customers.

Promoter website

https://www.academiadecodigo.org/

Team

[{"id":132,"promoter_id":294,"name":"João Magalhães","description":"João is the founder and CEO of Code For All. Before founding Code For All, João worked in a top consulting firm in the financial advisory industry and worked on projects in the tech and energy sectors. João holds an MBA from IE Busines School in Madrid.","link":"https://www.linkedin.com/in/jo%C3%A3omagalh%C3%A3es/","role":"Co-Founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/64a/406/77c/64a40677c58bf240100616.jpg","avatar_id":103252},{"id":133,"promoter_id":294,"name":"Rui Ferrão","description":"Rui has more than 20 years’ experience in Information Technologies from companies such as Ericsson, and Nokia working in deep tech projects for clients such as the European Space Agency. Rui holds a Degree in electronics, telecommunications and computer engineering.","link":"https://www.linkedin.com/in/ruipferrao/?originalSubdomain=pt","role":"Co-Founder and CTO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/64a/406/cf0/64a406cf0ab05561014964.jpg","avatar_id":103253}]

Business Model

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