Capslock Education secures £540k in pre-seed funding from backers including GC Angels to expand cyber training.
The Manchester-based cyber education institute raised the pre-seed round from a syndicate of investors and government schemes to scale its operations.
Capslock Education operates an intensive training bootcamp based in Manchester that reskills adults into cybersecurity professionals within six months. The institute relies on income share agreements to remove upfront financial barriers for students.
Capslock Education has secured £540k in a pre-seed funding round to support its cybersecurity training programmes. The investment was backed by GC Angels, Ufi VocTech Trust, Tynton Group, private angel investors, and the UK government. The capital will enable the institute to expand its team and develop its student cohorts.
The financing comprises equity investments alongside government-backed funding, including a grant from Innovate UK and support through the Bounce Back Loan Scheme. The institute offers training through income share agreements, allowing students to defer tuition payments until they reach a specified income threshold.
From the founder
"At a time when the value of tech degrees is in decline, there is an urgent need for disruption in cyber-security education. At CAPSLOCK, we’re determined to drive this disruption. By unlocking the potential of adults in the UK, and eliminating the financial barriers to reskilling, we’re changing the face of cyber-security and making it more accessible to people of all backgrounds."
Jonathan Slater
Co-founder and CEO at CAPSLOCK Education
Investor perspective
"As the North West is set to become the cyber security capital of the UK, CAPSLOCK is exactly the type of company that we look to invest in, by addressing the skills shortages in the sector. In what has been a difficult year for many, it’s great to see them not only growing their own diverse team, but also supporting people reskill to get well-paid, sustainable careers in an exciting sector. The fact that they are already breaking barriers within the industry is a testament to the founders and their strong team of advisors so we’re excited to see them grow."
Damian Mohammed
Investment Director, GC Angels
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
CAPSLOCK Education
Capslock Education provides intensive cyber-security bootcamps to reskill adults in the UK.