Fullstack Academy acquired by Zovio
Coding bootcamp Full Stack Academy has been acquired by higher education company Bridgepoint Education in a transaction that has a potential value of approximately $50M. The terms of the deal include $17.5M in cash along with 2.5M shares of Bridgepoint, which is currently trading at $6.74 as of this writing (an additional $16.85M). The acquisition terms also call for an additional 2.25M shares if milestones are met. “By joining Bridgepoint Education, we’ll not only gain a like-minded partner dedicated to innovative education, but a partner that can help us scale our own mission to make technology education and careers a reality for more people around the country,” said Nimit Maru, cofounder, Fullstack Academy.
Selected investors in the round: Y Combinator
Founding year: 2013
Total funding raised: Undisclosed
Time from founding to exit: 5.7 years
Full coverage: Fullstack Academy acquired by Zovio
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