The latest funding round brings technology training platform CodeBoxx’s total valuation to $22 million. MadaLuxe Group, an international distributor of luxury fashion and accessories, said the seed round will help St. Petersburg, Fla.-based CodeBoxx expand its tech-training program, which focuses on bringing its training to minorities and members of other underrepresented groups who may have lacked access to tech training, to more cities in the US.
CodeBoxx, which launched in 2018, offers a 16-week proprietary training program that teaches people technology skills such as coding and guarantees them job placement upon completion. The program has so far placed graduates with eBay, the Sparc Group and Lucky Brand and MadaLuxe.
MadaLuxe said its investment in the program’s expansion to cities like New York and Philadelphia will help more retailers address the shortage of skilled tech talent as well as make those skills available to diverse communities. This marks only the latest investment for MadaLuxe, which in February led a funding round for Reflaunt, a platform that allows fashion labels to help their customers sell second-hand products.