Bengaluru Based Ed-Tech Startup Newton School Raises $650,000 In Seed Funding

City-based ed-tech startup Newton School on Wednesday said it has raised $650,000 in a seed round of funding led by early-stage venture capital firm Nexus Venture Partners. Newton School will use the raised capital to strengthen its product and expand its team. Newton School is an online edtech platform that trains people to be highly skilled software developers and get them placed in top companies and startups as frontend, backend and full stack software developers among other roles, it said in a release. “While software engineering is one of the highest paying and fastest growing career paths, access to quality software development training remains limited to students of few top colleges. With our unique pay after placement online platform we are democratising software development training and allowing people to cross financial and location barriers to achieve their dream of becoming a great software developer,” Newton School Co-founder Siddharth Maheshwari said. With a highly capital efficient business model, Newton School is close to break even just after a few months of operations and is on the path to become profitable in the next couple of months. The coming months will see Newton School deploy this funding round to further evolve its platform and increase its user capacity to handle thousands of simultaneous learners, the company said.