New Investments

SA Edtech HyperionDev Secures $5 Million in Funding to Drive Tech Skills

South African tech education provider HyperionDev announced securing R95 million (approximately $5 million) in a new funding round. This latest investment brings the company’s total growth capital to R595 million ($31.1 million).

The identity of the investors remains undisclosed, but HyperionDev revealed the participation of 23 backers from various countries. The company plans to utilize the funds to bolster its presence in South Africa and the United Kingdom, while also entering new markets.

“This funding marks a significant chapter for HyperionDev,” said Riaz Moola, founder and CEO of the company. “It underscores the critical need for global skills development in today’s digital age.”

Moola highlighted HyperionDev’s existing partnerships with universities like Stellenbosch University in South Africa and Imperial College London in the UK.

He also mentioned new collaborations in North America, France, and Spain. These alliances, according to Moola, have solidified HyperionDev’s position as a frontrunner in global tech education.

The funding will also support the expansion of HyperionDev’s educational offerings and scholarship programs, including the HyperionDev Academy.

Emphasizing their commitment to South Africa, Moola stated, “We are actively seeking to partner with more universities nationwide and collaborate with the government to strengthen digital skills development and improve employability across the country.”

Founded in 2012, HyperionDev offers specialized, mentored coding bootcamps, both online and on-site at its campuses. These programs equip students with job-ready tech skills for careers in the technology sector.

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