Flatiron School, the NYC-based coding school, founded in 2012 by Adam Enbar and Avi Flobaum has been acquired by coworking behemoth WeWork. Terms of the deal were not disclosed. Enbar remarked, “In WeWork, we’ve found a partner who shares the mission we’ve had since the beginning: to enable passionate people to learn the skills they need to pursue careers and lives they love. And that mission won’t change. As part of WeWork, we look forward to working together to expand our in-person and online programs and further increase accessibility to our transformative education.”
This marks WeWork’s first foray into the coding academy space where the economics have been tough as of late with pioneer Dev Bootcamp shuttering earlier this year and Galvanize announcing restructuring. It’s also WeWork’s fourth acquisition this year; it acquired NYC-based FieldLens earlier in June. No word on whether Flatiron School will continue to operate as a distinct brand under the WeWork umbrella or be absorbed into WeWork.
Prior to the acquisition, Flatiron School had raised $14.5M in funding over two rounds. Backers of the company include Matrix Partners, CRV, BoxGroup, and Thrive Capital.