Iron Yard closes ‘significant’ investment from University of Phoenix owner

By June 22, 2015 April 27th, 2016 Uncategorized

Based in Greenville, one of the planet’s largest coding schools expects to graduate 1,000 developers this year, and it’s about to get a lot bigger, a lot faster.

Coding school The Iron Yard closed on a “significant” investment from higher-learning behemoth Apollo Education Group, owner of University of Pheonix and other institutions.

Terms of the deal were not disclosed, but Apollo’s size dictates that “they’re not the type of company where it makes a difference to invest hundreds of thousands of dollars,” said The Iron Yard CEO Peter Barth.

The investment will accelerate the tech company’s growth, help the school expand internationally and open opportunities for new content and customers, said Barth.

“We’ve done really well with domestic growth, so when we were looking at going overseas, it’s completely unknown to us,” said Barth from the The Iron Yard’s corporate headquarters in Greenville, which he calls The Iron Yard’s “long-term home.” “We ended up going with Apollo for a number of reasons, but mainly domain expertise and resources…They have schools in India and Africa and Australia, so in addition to capital, what they bring is they have international expertise. No other VC firm had that.”

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