Investment ensures continued company growth and geographic expansion to meet the current IT career training market demand.
December 28, 2015, Denver, CO – LeaderQuest, the Denver-based IT education and training company focused on training military veterans and career changers for technology-based careers, today announced that it has secured a $2.5M investment from Cypress Growth Capital. This investment will enable LeaderQuest to expand the company’s geographic footprint across the United States.
The company was founded in 2006 in Denver but has since expanded to four cities in Colorado, Florida, and Texas. Some 2,000 students pass through its doors each year with an alumni network of over 9,000.
The funding will be used to expand those numbers further with more campuses serving more students and alumni. “While we are pleased with what we’ve accomplished over the past few years, our work has barely begun,” states founder and CEO George Cohlmia. “Our mandate is to support the career aspirations of our students in weeks rather than years, but equally important, to be available for our alumni for many years after they graduate.”
LeaderQuest sees itself in part as a place to acquire those initial critical skills to break into the tech field, but more importantly, to become the go-to place to learn more as the years go on and as tech careers get re-shaped by the continual evolution of new technologies.
LeaderQuest was established in 2006 as a technical school in Denver offering training on high demand skills for veterans and career changers with the objective of transforming aspiring IT practitioners into job ready specialists through IT training and certification in Cybersecurity, Software Development, Infrastructure Services, and more! LeaderQuest currently employs 45 people in campuses in Denver, CO, Colorado Springs, CO, Irving, TX and Jacksonville, FL.
About Cypress Growth Capital
Cypress Growth Capital is the first, largest and most active royalty-based growth capital firm in the United States. An alternative to traditional debt and equity instruments, royalty-based growth capital offers entrepreneurs access to significant funding while preserving equity and control. Cypress invests $1,000,000 to $5,000,000 in software and technology-enabled business services companies with annual revenues between $3,000,000 and $20,000,000. With available capital, a proven track record, and an investment team sharing extensive entrepreneurial and operating experience, Cypress Growth Capital is a proven and valued funding partner.