Alchemy Code Lab offers a student-friendly income share agreement (ISA) that lets students pay tuition only after securing qualifying employment. The ISA is available to students once they are accepted into Alchemy’s full-time, 25-week software development program. Students enroll with little to no upfront cost and repay a fixed percentage of income, capped at a set dollar amount and for a defined period; repayment begins once a graduate secures a role earning at least $50,000 annually. Alchemy’s program targets direct placement into mid-level developer jobs, with an average graduate starting salary of $80,000. Tuition for the complete program is currently $24,000; the school also offers diversity scholarships and veteran benefits. With the new funding, Alchemy expects to offer the ISA to roughly half of each cohort over the next three years.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2021