º£½ÇÊÓƵ

An online cyber security bootcamp provider has raised more than £1m to help adults re-skill and land high-paying jobs in the sector.

Capslock has secured the £1.04m boost through a pre-seed funding round which was completed in two tranches.

Backers included Ufi VocTech Trust, GC Angels, the º£½ÇÊÓƵ Government as well as a group of nine angel investors.

READ MORE: Gen Z recruitment platform Hundo raises $2m to scale up

Since the company was founded, some of its graduates have gone on to work for the likes of Boohoo, Dyson, BAE Systems and PwC.

As part of their income share agreement, those graduates will repay a percentage of their monthly income back to Capslock over a set period of time, but only once they have landed a high-paying role.

The company was founded by Andrea Cullen, Jonathan Slater and Lorna Armitage.

Dr Cullen said: "Increasing diversity within the º£½ÇÊÓƵ’s cyber security workforce is something we’re proud to be leading.

"It’s at the heart of everything we do, from removing financial barriers with income share agreements, through to encouraging people of all genders, ethnic backgrounds and types of neurodiversity to enrol and re-skill with Capslock.

"This funding allows us to scale throughout 2022, grow the Capslock team and look towards re-skilling thousands of º£½ÇÊÓƵ adults a year."

Alex Bishop, investment manager at Ufi VocTech Trust, added: "At Ufi, we continue to be enthused by the unique learner proposition at Capslocks, enabling learners to access skills needed for work in high demand sectors in the º£½ÇÊÓƵ, such as cyber security, whilst removing the upfront financial barriers to training, through their innovative income share agreement model.

"The evidence of impact demonstrated through the career transformations of their learners to date has been striking, with salary levels increasing post enrolment across the cohort.

"We are excited to support the business moving forward as they scale their bootcamp model to even more learners."