| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Edtech |
| Total raised | $80M (GV, GGV Capital, Stripe, 2017–2020) |
| Collapse type | Slow Death |
| Founder | Austen Allred |
Lambda School (BloomTech)
"The pay-nothing coding bootcamp whose income share agreement model was declared an unlicensed consumer loan — then collapsed under 75% layoffs and FTC scrutiny"
Years-long decline before final shutdown
Key Events Timeline
Lambda School launched in 2017 under the premise that education should be free until it works.
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