Jakarta-based developer bootcamp Hacktiv8 has raised $3 million in its pre-Series A round led by East Ventures, according to a statement.
The round was also joined by Sovereign’s Capital, SMDV, Skystar Capital, Convergence Ventures, RMKB Ventures, Prasetia, and Everhaus.
Launched in 2016 by co-founders Ronald Ishak and Riza Fahmi, Hacktiv8 provides a solution to turn absolute beginners into job-ready web developers in 12 weeks.
Hacktiv8 claims to have close to 8,000 applicants and works with 250 hiring partners include tech unicorns like Tokopedia, Gojek, and Bukalapak. The list includes financial service companies such as Midtrans, Payfazz, Xendit, and KoinWorks.
The company plans to use the fresh funds to build more schools and offer the first Income Share Agreement (ISA) programme in Indonesia, an alternative to traditional student loans.
“Indonesia is one of the countries with a low number of engineers per million population. To fill the talent gap of Indonesia’s burgeoning digital economy, developer Bootcamp such as Hacktiv8 is the only quick solution,” said Willson Cuaca, Managing Partner of East Ventures.
East Ventures, which has launched six funds in the last seven years, is one of the venture capital pioneers in Indonesia. Last August, East Ventures announced the close of its sixth fund at $75 million, more than double an initial $30-million target.