TechCrunch reported BloomTech cut about half its staff, roughly 88 employees, across content, product, data, and engineering teams.
SourceThe online coding school that invests in you.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Bloom Institute of Technology (BloomTech), formerly Lambda School, is a San Francisco-based edtech company founded in 2017 that offers remote online coding bootcamps and AI-forward tech training, paired with intensive career support and outcome-based tuition financing.
Primary product
Online coding bootcamps and career-training programs for software, backend, data science, and AI-related roles
Founded
2017
Headquarters
548 Market St #69148, San Francisco, CA 94104-5401, United States
Team size
200-300
Industry
E-learning
Sub-industry
Online coding bootcamp / vocational tech education
Offices
12 jobs at Bloom Institute of Technology
Business model
Stage
Later-stage VC / Series D
Total raised
$149M
Latest round
Series D · Feb 2024
Latest amount
$14.6M
Feb 2024
Feb 2024
Dec 2022 · Soma Capital
Aug 2020 · Gigafund
Jan 2019 · Bedrock Capital
Oct 2018 · GV
Jan 2018 · Y Combinator and Tandem Capital
Leadership
Co-Founder & CEO
Chief Operating Officer
General Counsel
Founders
Ben Nelson
Co-founder
Investors
Mission-driven and student-obsessed, with an outcomes-focused culture centered on direct paths to higher income, hands-on projects, and career support from day one. Public materials emphasize transparency around tuition, financing, and job-search help.
Compensation
Public salary estimates suggest roughly $99.6k for web developers, $109.6k for technical project managers, and a median software-engineer total compensation around $159k on third-party sites; BloomTech does not appear to publish official salary bands.
Benefits
Pricing
Tiered tuition model with upfront tuition, installment plans, deferred tuition / ISA-style financing, a 110% tuition refund guarantee for eligible learners, and a B2B employer membership option for hiring partners.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$18M-$22M estimated annual revenue
Estimated monthly visits
35.1K
TechCrunch reported BloomTech cut about half its staff, roughly 88 employees, across content, product, data, and engineering teams.
SourceThe CFPB ordered BloomTech to stop consumer lending activities, fined the company and Austen Allred, and said BloomTech misrepresented ISA costs and job-placement outcomes.
SourceBloomTech settled an insurance-coverage dispute tied to CFPB and state probes over alleged student-misleading claims.
SourceBloomberg Law · Jul 2025
BloomTech settled an insurance-coverage dispute tied to CFPB and state investigations into alleged student-misleading claims.
Bloomberg Law · Jan 2025
BloomTech sued several insurers seeking defense and indemnity coverage for investigations and claims tied to its lending and marketing practices.
Consumer Financial Protection Bureau · Apr 2024
The CFPB ordered BloomTech and Austen Allred to stop consumer lending activities, fix or rescind certain ISA terms, and pay civil penalties over deceptive lending and job-placement claims.
TechCrunch · Apr 2024
The CFPB said BloomTech misrepresented ISA costs and job-placement results, and imposed a consumer-lending ban plus penalties on BloomTech and Austen Allred.
BloomTech blog · Apr 2024
BloomTech launched a 10-week B2B program to upskill engineering teams on Python, LLMs, prompt engineering, retrieval-augmented generation, vector databases, and multi-agent systems.