Leap Secures a Game-Changing $65M Investment to Revolutionize Global EdTech

Leap, a full-stack worldwide scholar mobility platform, has raised $65 million in a mixture of major and secondary fairness led by Apis Progress Markets Fund III and Apis Global Growth Fund III. Different traders who’ve invested on this spherical embrace current traders Owl Ventures, Jungle Ventures, and Peak XV Partners. Entrackr was the primary to report on Leap’s upcoming funding in July final 12 months.

Whereas the corporate didn’t disclose its valuation, it was reportedly in search of a valuation of over $1 billion on this spherical. The Bengaluru and San Francisco-based agency final raised $75 million in its Collection D spherical at a valuation of $850-900 million. This funding brings the fairness raised since its inception in 2019 to over $200 million.

It operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an internet group for study-abroad aspirants. It presents a spread of providers, together with take a look at preparation (IELTS, TOEFL, SAT), admissions and visa counseling, and monetary help corresponding to worldwide scholar loans.

It focuses primarily on the US, Canada, UK, and Australia institutes. The corporate claims to have taught over 1 million college students and collaborated with greater than 1,000 main academic establishments throughout the globe.

Vaibhav Singh and Arnav Kumar, Leap co-founders of Leap

Image Courtesy: www.business-standard.com

“College students love Leap’s one-stop strategy to their worldwide training wants. We now have witnessed 5x progress since our Collection D two years in the past. In the present day, it isn’t solely the study-abroad platform of alternative in India however can also be quickly establishing itself as a world chief, scaling operations in 10+ international locations,” mentioned Vaibhav Singh, co-founder of Leap.

In line with information compiled by TheKredible, the opponents do consist, corresponding to Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz, have collectively raised about $500 million in funding over the final 24 months.

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