Le Wagon is a French startup that, after so many years, has raised the first round of funding of bootstrapping. A few months ago, the company closed a $19 million funding round. With the participation of AfricInvest, the Cathay Capital is leading this round.
The COO and co-founder of Le Wagon named Romain Paillard said that they had always bootstrapped from 2013 and had always been profitable since the day. Romain also said that all of their metrics, structurally, were doing well, but they had wanted to grow their resources.
Le Wagon is an alluring story of a slower iteration of a successful product. The company has been quite laser-focused on a single course for most of the lifetime – a highly rated full-stack web development course. Currently, there are 38 campuses around the world throughout two dozen of countries (excluding the USA) offering this course.
However, Le Wagon wants to go a step further. With this funding round, the startup is hoping to broaden the reach with both newer countries and newer courses. Also, it begins with a newer data science course. For now, it is available only in a handful of cities, but Le Wagon hopes to offer a newer course throughout all the campuses.
The company has been working on a newer format. Instead of committing to 9-week full-time Bootcamp, one can apply to a part-time course on Saturday, Tuesday night and Thursday night. It takes quite longer to finish the course but could be useful if one has family and kids.
Once again, these part-time courses are live in handful of cities for now, and Le Wagon hopes to replicate the same offering across all its campuses.