What was their challenge?
The transaction comes as part of the business’ transition in recent years into a rapidly accelerating profit-making business.
What was the support you provided / offered
We advised Code First Girls, then structured as a CIC, in connection with the business receiving incoming Series A investment of £4.5million.
What was the impact or outcome of support?
Code First Girls will use the investment to work towards its goal of providing over one million opportunities for women to learn to code for free and enter the industry over the next five years.
“There is a desperate need for more diversity in tech and we founded Code First Girls to deliver it. Following the success and astounding growth we’ve had, investors are clearly sitting up and taking notice. Their faith in our model will support us to significantly scale up the company and bring our work to more tech businesses.
This is an exciting new chapter for Code First Girls, and we have ambitious plans to reach even more women, providing one million more opportunities for education and employment, turbocharging the tech industry and boosting the economy.
We are grateful for Bates Wells’ support and diligence throughout this complex transaction. They were able to draw on experts from across the firm to help us get this restructuring and investment over the line and start the next chapter of Code First Girls’ exciting journey.”
This is an exciting new chapter for Code First Girls, and we have ambitious plans to reach even more women, providing one million more opportunities for education and employment, turbocharging the tech industry and boosting the economy.
We are grateful for Bates Wells’ support and diligence throughout this complex transaction. They were able to draw on experts from across the firm to help us get this restructuring and investment over the line and start the next chapter of Code First Girls’ exciting journey.”