Paris-based start-up Le Wagon has raised its first round of funding after many years of bootstrapping, by closing a $19 million funding round a few months ago, TechCrunch has reported. Cathay Capital led the round with AfricInvest participating.

Le Wagon’s co-founder and chief operating officer Romain Paillard said: “We’ve always bootstrapped since 2013, and we’ve always been profitable since day one; all of our metrics are doing well but we wanted to increase our resources.”

Le Wagon offers a full-stack web development course and has 38 campuses around the world across two dozen countries, but not the US.

The company says it will use the funding to provide new courses and extend into new countries.