New York startup school General Assembly scores $35M in funding
Startup school General Assembly has picked up $35 million in its third funding round, according to VentureBeat. The investors in round were not disclosed in the said report.
The latest financing brings General Assembly's total raised capital to $49.25 million, the report added.
The company will use the capital infusion to build new learning facilities and beef up its course offering. At present, the firm offers courses for programming, design, and entrepreneurship. Coworking and education services were previously offered but were scrapped last year, the report detailed.
General Assembly is eyeing investments for large companies such as American Express, Pepsico, and General Electric, the repot added.
A portion of General Assembly's profile on its website reads: "Established in early 2011 as an innovative community in New York City for entrepreneurs and startup companies, General Assembly is an educational institution that transforms thinkers into creators through education in technology, business and design at nine campuses across four continents."
Since the school's inception it now has more than 100,000 students with 6,000 of the students who finished courses from 8 different locations, New York Times reports.